What are the cons of doing a 203k loan as a first-time home buyer? It seems like a fair way to purchase a home in need of some TLC, where with the right guidance and expertise if you purchase this home at fair or low ...
Hey y'all, I am looking at purchasing my third home and would like advice on getting a loan. This will be my 3rd house and I just closed on my second back in March a few weeks ago. For the previous 2 homes I own, I ha...
When I convert my primary residence (single family home) to a rental property, am I also required to refinance my mortgage to that of an investment property?
Thanks !
Preparing to buy my second home with a partner, we were told by our loan officer we could use and fha loan if we are considering moving into the home, but after reading up on it have found that may be considered mortg...
Hi All,We are considering purchasing a home with a wrap around mortgage. I am trying to determine if this is still a viable option in the current real estate market. I know about the dangers of the due on sale claus...
I’m in the buying process of my first home and it’s a rental property. I’ve never had home insurance before because I’ve never owned a home, I’m going to be renting to college students what are my insurance options/re...
My wife and I are under contract to buy a home. We plan to do a live in renovation with the intent of making it a rental (selling only as a plan B). The future plan includes buying another home, possibly fixing it u...
I am looking to purchase my first investment property SFH by using the BRRRR model. What is confusing to me is that most books advise on protecting your asset under an LLC. But then they say I will have a difficult ti...
I have an off market deal that is being offered 20k under market value. A house was gifted to the sellers and they don’t want to put their old house on the market. They have a conventional loan at 2.9 with a 650.00 mo...
I cannot find a clear answer on this question so I had to post. Lets say I get a loan and take on some form of mortgage insurance because of the low down payment. If I pay off the house completely within a couple of m...