Hello BP fam! Here's my story. A couple of years ago, my Dad passed away and left me an inheritance. There is also a wrongful death lawsuit, in which I am starting to receive proceeds. I never expected myself to be in...
Hi,I have bought my SFH with FHA 3.5 down. Now my property got appreciated more than 15%. Can I request my lender to remove PMI without refinancing ?Bought on : 12/15/2021
Hi and Thanks in advance for any insight. If you have an FHA mortgage does it show up as that on your credit report? Owner occupancy is a requirement to tap into equity I have in my first rental property. But I curren...
Hi,I received this information from my lender today in regards to an FHA loan. "With 5% down on a 400k property you are looking at an upfront MI of $6,650 ( onetime fee for FHA), which can be included in loan amount a...
Hello BP Community! I'm based in Los Angeles and am looking to purchase my first investment property with about $50K allocated. After attending local BP events and REI clubs, it seems overwhelmingly apparent that inve...
I was wondering what everyone’s thoughts were in regards to FHA mortgages. I hope to finance my first home with an FHA mortgage, but would like to acquire investment properties relatively shortly after moving into the...
I recently found out that if one were to put less than a 10% down payment on an FHA loan, you would have to pay mortgage insurance for the entire length of the loan. If you put down 10% or more, you will pay for mortg...
Dear BP members,I found BP because I have been going crazy researching the internet--reading articles, watching videos, etc. I initially started researching more on real estate investing because I've been trying to fi...
Hi,I've seen some questions and answer on various communities regarding using a FHA first, then a VA. However, I'd like some guidance on doing it the other way around. I recently purchased a multifamily with a VA Loan...