Can you get a FHA Loan if you already have a conventional loan on an investment property?Thanks!
My wife and I purchased our first property (a duplex) in September of 2018 using an FHA loan. We discussed the pros and cons of the 15 vs 30 year options, and decided to go with the 15 year. At the time, the differenc...
Hey team, my mom is a few steps in the process of purchasing her second two unit property listed at (I'm helping). The seller accepted an offer of 73,000. The mortgage broker just informed me he found a short sale rec...
Hello all,
I am curious to know if it is possible to get an FHA loan to purchase a duplex, triplex, or quadplex if I already have a conventional loan out on my primary residence? My goal here would be to house hack i...
This question is for the lenders out there!I am planning my second house hack and would like to get pre-approved so I can start getting serious about the deals I am analyzing. My last house hack allowed me to save eno...
My partner and I purchased a home using an interest only loan last year and rehabbed it in order to make it a STR. All of this was done in our LLC name. It's been renting great, but now the loan is coming due and I am...
Hello! I hope you all are having a great day and thank you ahead of time for your help. I'm currently looking at a 5 acre property that has the following structures on the property:Doublewide Manufactured Home (Privat...
Hi BP community! So I've been researching REI for years and have been itching to get involved but I am still at the beginning of my investing journey. I bought my first home in Chicago in 2019 using an FHA loan, but i...
You would buy with FHA loan -> refinance to conventional, purchase with FHA again, rinse and repeat...is this allow,if change to a conventional would my month cost increase?
Hello I am new to bigger pockets as a pro member and been listening and reading several books by biggerpockets for quite sometime. Currently many people I know as well as myself find the high interest rates repel us f...