Mark Robles
Hard Money too Conventional
Good evening, Has anybody taken investment property from a Hard Money Lender too Conventional? My Conventional Lender is stating that 15-20% will be needed do to the amount stated on the form.Thanks Mark
Michelle Chevalier
Confused about conventional versus DSCR
I am trying to purchase a second SFH investment property. I have one SFH rental that I purchased in 2021 using FHA (it was my primary residence at the time). I am trying to get a conventional loan this time around for...
Mark Myslinski
getting back appraisal charge
Hello everyone!I got a question3 months ago i got in to the contract with the Florida apartment builder and was gonna buy one of his brand new apartments.Everything was going so slow, i believe 3 months or so?i spent ...
Vamshi Ananth
3.5% Down FHA vs 5% Down on conventional loan?
Hello BPers,I am currently considering a deal which I paln to finance it though a bank. The property is built in the early 1990's and is in a failry good shape , no structural damage but needs some cosmetic reparirs a...
Dan N.
Conventional Loans 7/2023 - Is it true there no par (rates with no point cost)?
I just got a quote from a conventional lender for 7.75% with a 2.5 point buy down.When I asked what would be the rate without a point buy down, they said: " There are no par (rates with no point cost) rates for invest...
Chris C.
How much money do I need for a $300,000 rental?
Hello everyone. I’m trying to put together a budget to figure out how much money I need for a $300k investment property. The goal is appreciation and equity growth rather than high cash flow.I get I’ll need $60,000 fo...
Michael Qubein
Should I finance a home I paid cash for in 2022?
I am interested in a buying a second property but do not have the proper funds. Should I pull the money out of my first property?
Joshua Hollandsworth
Renting out my primary residence
I need to move out of my current home. Unforseen circumstances have occured. I purchased the home within the past 3 months. This is a conventional mortgage. FNMA has already bought the loan. My lender, 5/3 bank told ...
Alberto Leonard
Using equity to fully purchase rental property
Complete newbie here.. I have a good understanding of how a HELOC and HEL works, however, I have no clue what are the steps to take once the funds are secured. With a conventional loan the lender takes charge of doi...
Dennis Cobos
Lenders who don't charge PMI
Hi everyone!
I will be investing in my first property (duplex or triplex) in the next few months, hopefully around May, in Sacramento CA. I've been working with an agent already and have started to narrow down my cri...