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Hi AllBackstory. I have 2 rentals. Both were mine and my husband's primary homes prior to marriage. We kept them and rented them out. Both have about $100k notes on them. Comps are currently selling for $220-225k. 30...
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There is an off-market triplex in my local area that is completely rehabbed and fully rented out. I want to purchase it but I don’t have the 25% down payment to get a conventional loan (non-owner occupied). My creativ...
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Im buying a couple of condos and converting them into one unit. Projected time frame of the project is a few months. My plan then would be to either sell or refi and rent it out.Id love to hear thoughts on the best lo...
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Any recommendations on Conventional Mortgage Loan for Primary home that will account for my short term rental income that is less than 2 years? Currently in the market for a Primary home, most lenders require minimum ...
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Hi BiggerPockets Community,
I am looking to purchase a 4-unit property in Indianapolis, however, looking at the property parcel card, the property has been zoned as a commercial property.
Would I be able to get a co...
I'm new to REI. Many of the podcasts and much advice says to get started and not to sit on the sidelines forever. I've made contact with a loan officer. I have very good credit and could get together a down payment an...
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For those who are capped and constrained by all of the Conventional Fannie Mae/Freddie Mac rules on investment real estate lending, you should give the Non-QM (Non-Qualified Mortgage) world a try. I've detailed below ...
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Hello all!My girlfriend and I are new to real estate investing and we know what strategy we want to follow; it’s going to be buy-and-hold in multifamily properties. We are aiming to buy a property around the middle of...
Fha buyer came in at 285k 3.5 percent down and the lady really wants the house from what her real estate agent told us. Second offer is at 289k conventional loan. My broker advised me to take the FHA as she’s a more “...
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I am considering several properties in Texas (Dallas, San Antonio, New Braunfels, Houston). Would it be better to have relationships with local banks/lenders and mortgage companies or should I operate out of my area ...