So if I got an IRA and set that up with the max contribution for the year, would lenders be able to consider the money in that IRA as the necessary requirement of having 3 times the mortgage value post-closing? I don...
Hello All,
I'm in Syracuse, New York and I'm analyzing what would be my first deal. I'd like feedback, advice, questions, criticism, if you would be so kind.
Here are the particulars:
Single-Fami...
Hi all,I’m working on buying my 3rd property but first as an investment property instead of an owner occupied. I wanted to know in addition to my down payment/closing costs will I be required to show three months of m...
Good morning! I'm interested in getting an FHA 203k loan to purchase a 2-4 unit home with. Some of the things I've read online suggest that a bank will only lend you that money for a multiplex if you have some cash re...
Hi, I am a new member and want to be investor. I will need to be upsizing shortly as my wife and I will be having her mother and grandmother move in with us in the next 3 months or so. We have good equity in our cur...
I am awaiting a response from our lender, but figured it couldn't hurt to ask here...I have a client interested in a tri-plex where they would purchase it via FHA and live in it as a house hack...live in 1, rent out t...
Investment Info:
Single-family residence buy & hold investment in Warner Robins.
Purchase price: $118,000
Cash invested: $35,000
Single family home.
What made you interested in investin...
Hi, I'm Rob Currie, newbie from Philadelphia, Pa, I'm an operator in the natural gas and oil field, ex military (82nd Airborne), was in the process of getting my formal pre approval for my VA home loan, to purchase my...
Hoping you guys can help me clear this up its rattling my brain...i have 2 deals in contract. Didn't plan on this but the second deal is too good to pass up.FIRST DEAL-Small 1br cottage, good size property (potential ...
We currently have 5 single family homes, one being our current residence. We have to refi one of our properties from a owner occupied to an investment property. From what I have read so far, it seems to vary as to how...