Billy Bob
5% down conventional owner occupied for CA on 2 unit?
I've been calling around talking to lenders about a new purchase mortgage. It would be an owner occupied 2 separate units (two houses on one lot). $106,000 purchase price, 5% down. Lender needs to include up to 75%...
Pavel Bennett
Occupancy Affidavit (1 year?) for a Second Home conventional loan
Hi folks,I'm closing on a property in Hawaii using a Second Home conventional loan and intend to live there for at least a part of the year. My lender sent me a bundle of documents to preview before signing and I am n...
Sway Tseng
Conventional Mortgage Loan with Short Term Rental income < 2 years.
Any recommendations on Conventional Mortgage Loan for Primary home that will account for my short term rental income that is less than 2 years? Currently in the market for a Primary home, most lenders require minimum ...
Steven S.
1 year primary residence rule same for FHA and conventional?
Hey Everyone,I am getting very close to the point where I can refi out of my FHA loan on my primary residence into a conventional mortgage to get rid of my PMI.Once I do that I would like to make my primary a rental a...
Spencer Hilligoss
LLC transfer approval from a large conventional lender (PART 2)
This is a followup to PART 1, posted last month: "Avoiding Due on Sale clause with a conventional lender. A saga."---This is a "learn from my mistakes" example for other new investors. If you intend to borrow from a b...
Andrew Dillard
Conventional Loan for Lot with 2 Duplex buildings on it
Hello all. I am looking at purchasing a single lot that has two separate duplex buildings on the lot for a total of 4 units.I talked with my mortgage lender about this and he said the only way to do this is to split ...
Bob Asad
Anyone Purchase 2-4 Units with Conventional & Renovation Loans?
The local bank allows me to purchase 2-4 investment units with a 30 year conventional loan + renovation loan for all fixes with 20% down The renovation loan is kept in an escrow and paid to the contractors as the work...
Enrique Lopez
Co-signers on Conventional Loan for 2-4 Unit homes
Hello, I've been looking into buying my first property and wanted to use a conventional loan on a 2-4 unit property. Can I put 5% down with a co-signer that it is not a family member? (I need a Co-signer because i'm y...
Dolores Gonzalez
Should I continue to invest in Illinois or focus on Indiana
Hello BP,I own 3 multi-family buildings in Chicago. I have plans to ramp up my real estate investing. I would love to acquire another handful of buy and hold rentals over the next few years. I have also been contem...
Kenneth Burdick
Just looking to connect
Hey guys,I'm a newbie who is trying to clear some personal debt and save for a first real estate investment property. I thought I was ready a couple years ago but then we ended up upgrading our primary residence and I...