John Eringman
FHA vs Conventional Loan
Hey guys,I just started getting prequalified for a loan on my first duplex.I wanted to put 3.5% down using an FHA loan, but after speaking to multiple loan officers, they told me I should put 10% down with a conventio...
Troy F.
HELOC vs Conventional loan
So, I am ready to buy my first duplex for $50,000. Should I empty the savings and pay cash for a quick close then pull out a HELOC so I can move on to other purchases. Or, do I get a conventional loan on the 50k. Are...
Edward Bowlby
BRRRR with conventional loan
Say you bought a home with a conventional loan for 100k with 5% down. The ARV is 180k and originally the rehab costs were 45k but now they are 65k due to unforeseen issues. The total monthly payments are $762. I am li...
Jeffrey A Hayes
20% down conventional loan
Hello,Looking for known lender options that require only 20% instead of 25% for a down payment on an investment property. First couple I've found require 25% BECAUSE its investment.Sincerely,Jeff
Stacie Katori
Homestyle Conventional Rehab Question
Hi, I am getting a Homestyle Conventional Loan, but I’m not sure what type of inspection if any I should be getting. For the FHA203k I believe you need a HUD consultant (they inspect), but I’m not sure what type of in...
Account Closed
FHA & Conventional Lending
I am in the process of flipping houses and currently am running into the problem of FHA loans. These require me to hold title on a house for 3 months prior to me being able to sell it. I know not all lenders require...
Charles Street
Hard money to conventional
Curious what the thought is on obtaining a hard money loan to purchase a home quickly at 12% and 2 points, then immediately refinance with conventional at 4.5%.. The conventional loan will include the rehab costs of ...
Sinil Kim
conventional loan to LLC
I just bought a my first investment property in NJ.I borrowed from Chase with conventional loan. How can I transfer the deed to a LLC ?Can I use quitclaim deed by myself? or should I talk to Chase bank or just hire CP...
Michael Thompson
VA Loan to Conventional
I have a home that has been my primary residence for several years, I rented it out earlier this year and now wish to refi to utilize the equity (+75K). The home affords a positive cash flow of $800/mo. It is curren...
Dilbar Chhokar
BRRRR with Conventional Loan?
Hello BP!
I am looking to get started on BRRRRing my first property and I am curious to know if it's possible to do a BRRRR by putting down 20% and going with a conventional loan and if I have the funding to complete...