Teho Kim
VA Occupancy Law - Current leases past 60 days
Would there be any lenders that allow for a VA loan for a duplex when both units are leased for 10 months? My loan officer is saying no, but the literature I'm seeing says up to 12 months delayed occupancy is allowed ...
Justin Lee
Renting to a friend.
Have a close friend that is looking to move into the DC area (within the city). What're people's thoughts on buying an investment property and renting to a friend? What are some things to keep an eye out for? Ultimate...
Dave Tov
Foreign Investor loan options
From Canada and looking loan options to purchase STR in Orlando area. I have a house with mortgage in Canada so I am concerned I may not be approved for a second mortgage despite it being a rental. Can anyone give m...
David Zheng
rent out a 5% conventional primary after 2 months?
I just wanted to see if this works. Let say you buy a duplex with a 5% conventional loan and after 2 months you want to get out and turn it into a full time rental. Do you just approach your mortgage company and pay d...
Alex Hall
What constitutes full time residency
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...
Masha Klapanova
Financing for Self-Storage Investors with International Income
Hi BiggerPockets community!
We are under contract on our first cash flowing Self-Storage Facility for $500K. However, we just got rejected on our loan application from the lender that currently holds the note on t...
Juan Ruben Cortez
House Hacking as Active Duty Military
Good Afternoon, I am an Active Duty military member stationed in Tucson,AZ. I would like to utilize the FHA loan to secure my first house hack. I would like to purchase a duplex. I know I would have to live in the pro...
Jonathan Heacock
Refinance with No appraisal
Hello,Has anyone seen any DSCR loans with no appraisal but proven cash flow? Looking to refi a property to a DSCR loan but the appraisal seems very low. Thank you!
Zack Thiesen
Lending vs Income Doc Scenario with BRRRR Method
I am a little skiddish about posting what might be a stupid question.. I am currently closing on my first rental that I bought here in California three years ago and if all goes well I should be up $120k sooner than l...
John Anderson
FHA Rules for Remote Workers?
Hi all - two years ago I bought my first home in the Chicago area using the FHA loan program. I recently switched jobs and am now working for a company based in Seattle. However, as part of my employment agreement my...