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What is the legal definition of full time residency once you’ve purchased a property under an FHA or conventional loan? Does it differ from bank to bank in regards to the conventional aspect? Would 178 days out of a y...
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Hello,
I have a questions with regards to a multi-unit property that I am going to be purchasing with an FHA loan. Now it states in the loan that I have the intent on living in one of the units (which I plan to do). M...
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I'm planning to invest in real estate with my friend. We are not sure how do we proceed further with loan, rent payment, etc.. I've following questions and need your expert guidance:
1. We would like to get separate ...
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I am under contract for a house in Johnson City, TN. It was built in 1930 and has 3 units. I am looking to finance 105k a LTV of 75%. Any recommendations?
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How do I check the credibility of a lender? What are the requirements? What are the red flags?
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Hello BP! I'm a long time lurker, first time poster. I currently have a VA loan on my primary residence at 3.75%. After getting several advertisements in the mail to refinance the loan with a VA IRRRL I decided to sta...
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Hi, looking to invest into a single family home to rent out. Is it common for a bank to say that they need 35% down and the longest loan length they have is 20 year variable interest rate? From what I understand, that...
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Hi all, We recently purchased two investment properties in Abington, PA (Montgomery county) but live in Philadelphia and are also interested in investing in our nearby neighborhoods. We would like to set up an account...
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I am developing a tenant application and am a little uneasy asking for personal information. Many applications I reviewed while developing mine asked potential tenants for bank and credit card account numbers and bal...