Hey guys,As of the moment I am not looking for another property. However, I did want to know for when the time comes, a bit more about conventional loans in CT. For an investment property, what is the lowest that one ...
Hello! I'm trying to compare whether to use a conventional or 203k loan. I tried to run some numbers as you can see in the image below. What else should I be considering when comparing these two options?I'm leaning mo...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $400,000
Cash invested: $18,560
Sale price: $590,000
Conventional Flip
How did you add value to the...
Hello, I have a question, let’s say you’re looking at a multi-unit and the seller agrees to an MLO(master lease option) for three years at an option to buy for $400,000. At the end of three years, because of your repa...
For an investor who is house hacking which loan option is better? Conventional or FHA. I learned that typically for FHA you can put down 3.5% but for conventional you can put down 3%. For the FHA you get charged twice...
Found a great duplex in DFW, for $220k but seller insists no FHA financing. My intention was to do either a 3% conventional or 3.5% FHA loan-I have a low cash down payment that I have raised. The lender I was workin...
I applied to refinance one of my rental properties that has a conventional loan and the rates were garbage. I refinanced my personal residence last week and got 2.5% but for an investment property they were quoting 4....
Hey BP,
I would like your opinion on my financing options on a 4 unit property that is fully rented. I was originally planning to buy with a conventional 30yr mortgage, but then found out that I cannot use th...
Hey all-
I am 19 years old and looking to pick up 1-2 rental properties in 2014. I have owned a landscaping company for the past 3.5 years, and have grown it to net around 40k for 2013. However, I was unabl...
How would a lender want to see things done if Partner A were looking to assume a convention mortgage for a rental property, using Partner B's money for down payment and closing costs? I've read here that some folks h...