I am working on a non-conventional duplex. Monthly income is $2300. I typically set aside 10% for each vacancy, prop mgmt, and repairs/cap ex. What would be more reasonable amounts to use?The one side, the largest amo...

Hey all, what are the general requirements for a Conventional 97 loan?  I believe it's through Fannie Mae.  I'm a first-time home buyer and I know these loans are intended for single-home residential properties, in wh...

I’m a 21 year old male trying to acquire 4 different rental properties from one of my fathers friends. He’ll let them all for go for a total of $175,000. Total rental income it brings is $3150/mo. I’ve never bought a ...

Hi,I was very curious to know if anyone has anymore details on this type of loan.I was hoping to get out of my FHA to then be able to use it for a MFR should a good deal present itself, however, I have read that the h...

I purchased a duplex in Minneapolis with a FHA loan June of 2015 that I owner-occupy.  I've had an appraisal recently and have hit 80% LTV and since rates are still low I've been thinking about refinancing into a conv...

I am looking at a duplex listed in the eastside of the Seattle area.  The mortgage broker that I have been talking to stated that I since it is a duplex I wouldn't be able to get financing unless I had 25% down and I ...

Hi BP,I currently have my first house financed with a VA loan. I've been considering refinancing into a conventional loan with the equity I have.Is this feasible? What are the pros/cons?

Hi all,Analyzing a deal where I have the money and am approved for a 3.5-5% down payment on a 280k property (4plex). It has a lot of room for rehabbing and potential for appreciation but I don’t have the cash to pay f...

I have been speaking with a few customers and conventional loan officers lately regarding 30yr financing on investment properties and the rates I am now hearing are north of 5%. They tell me this is due to Fannie Mae ...

I am a super newbie (not started yet other than research and obtaining capital) and I am seeing comments that buyers are getting their bids turned down with FHA loans or sellers are preferring bids with a conventional...