Angie Castro
House Hacking a duplex (or small multi-family)
I'm making this post because I feel like we should be educated and there is a lot of info out there about house-hacking and how you could use an FHA loan live in one unit and rent the rest of the units. This is a very...
Paul Thompson
Brrrr: Bank said they would refinance with a 15 yr mortgage
Spoke with a bank that doesn't require any "seasoning" before refinancing, however the mortgage would be amortized over 15yrs. Is this typical? This obviously would require higher monthly payments that would eat into ...
Christopher Neal
Need help finding a lender who has worked a 203kloan
Looking for someone in central AR who is familar or has done a fha 203k loan or can point me in the right direction to someone who is.
Stipe Ba
Conventional loan with no kitchen ?
Hi everyone !Found a SFH home listed for 100k. ARV for area is 220ish. Older couple lived it and they had a mold problem from leaks in the roof. Had it professionally repaired. They went above and beyond and tore a fe...
CL Ziegler
Banker deliberately lowers the valuation of a property?
Hi everybody,
I’m closing in a week on a house and today I spoke with my banker who said something which left me scratching my head.
First, I’m buying the property well below its value. The purchase ...
William Hull
Mortgage apps for new home purchases jump to record high
There is some good news for home buyers and sellers alike. According to the Mortgage Bankers Association, mortgage applications have seen a pretty significant uptick. This is especially important when you consider the...
Christopher Vargas
Conflict of Interest? Or Am I Paranoid?
Have any other banking employees faced this situation?I have a 9 to 5 job at PNC Bank in Clermont, FL. I know for a fact that its a conflict of interest to be an actively licensed real estate agent and work for the ba...
Ryan Pettit
Affordable Housing Investing
I am under contract on a 16 unit apartment building in a lower class neighborhood. All units are identical (2/1 with 800sf). They are renting for $500 which is under market. I’ve learned that there is a HUGE demand fo...
Albert D.
How to close a multi-family deal?
Fellow BPers, could you please advice on the close of a multi-family deal? Is there any difference between regular SFH and the MF? In my specific deal, I have 30 days to close and I don't have a broker/agent on my e...
Jordan B.
Cash and then Finance?
I am in the process of picking up my first few investment properties. My question is this. Is there any advantage/disadvantage to buying a house all cash and then financing after. I realize the advantage on the better...