Jesse Beckman
Equity from a flip using a FHA 203b mortage.
Does anyone have success stories on using equity from a 203b flip to further their investing? Nightmare stories?My goal is to hopefully improve a house enough to get a little equity that might help with a down payment...
Rob Sasser
Being organized for bank loans
Hello everyone. So I want to get more organized to streamline communications and the application process of acquiring a bank loan. I have heard the discussion before on the podcast about getting a binder together wi...
Alexander Kostrubiec
Househacking: Convert an FHA owner-occ to non-owner occ rental?
Hello everyone. So, I am a Mortgage Loan Originator. I knew about the concept of househacking before I even knew that the practice fell under the umbrella term of "househacking", which I just learned today.My question...
Tom Casey
203K Rehab Loan Question
Hello all!I’m a new investor here in Chicago and for my next investment property, I’m looking to purchase a multi-unit building using an FHA 203K loan. I have a question regarding the loan amount that I haven’t been a...
RJ Dixon
Where’s my bathroom ?
Hey BP! My question is in regards to a FHA loan. I have interest in a property that is a 5 bed 3 bath. It has 2 masters. The 2nd master bathroom isn’t finished. Just needs titles for the shower and a sink to be put in...
Tamara Taylor
203k loan - help with contractor's estimate
Does anyone have an example of what a contractor's detailed estimate of work should look like for the bank? My contractor just gave me a list of things to be fixed with $37,000 written at the bottom of the page. I don...
Colby Fuller
203K loan process and information
Hi there BP community, who has had experience with a 203K loan? I know there is two types, one for over $35K and the streamlined version for under $35K. Can you do a streamlined 203K loan in conjunction with a VA lo...
Dustin S.
Help!!! I have created an accounting nightmare.
I have been investing in real estate for 11 years now and have 11 rental properties. I didn't listen to the advice in rich dad poor dad to hire a book keeper early when things are small. Now I am paying the price. Tax...
Craig Carter
I won a HUD bid for a "203k eligible" condo - no FHA loan??!
The condo was advertised by HUD as IN (insured) and as "203k eligible".I won the bid, and now I have trouble finding a reliable lender who would originate an FHA loan.Every mortgage broker I spoke with so far told me ...
Daniel Murray
Bookkeeping Issues with 24 doors and 6 active rehabs...help!
Question for the group. I currently hold 24 doors and 6 of those are active rehabs. I also have a full time job so as you can imagine I am looking for ways to streamline my systems and procedures to save time. I hi...