Jarvis Williams
I’M READY TO PURCHASE MY FIRST PROPERTY!!!
Hello everyone I’m Jarvis also known as “The Gator”’in the Phoenix Real Estate market. I have been doing Real Estate resale for two years now. It’s finally time to put my hard earned money to work to create passive in...
Jess Hammersley
FHA vs Conventional
My wife and I are looking at a 4 unit property and are going to live in one unit. We can put together the 20% for the conventional but in looking at the deal or lender is very certain he can get an FHA loan on it. Is ...
Christy Philippoff
FHA Inspection: what to prepare for
We are selling our house and the buyer is using FHA financing. We have heard nightmare stories of FHA financing as far as being the seller of the house. I know the restrictions to the home inspection have become a lit...
Bradley Johnson
FHA Loan Triplex/Fourplex
I was recently in escrow to purchase a fourplex via FHA but fell out because the property didn't meet the self sufficiency ratio. The underwriter calculated the self sufficiency ratio by taking 85% of the gross income...
Wade Stahle
building out of pocket then financing to FHA
Is it possible to build a house completely out of pocket and then get an FHA mortgage on it afterwards? Essentially getting 96.5% cash back?
Matthew Hagen
FHA 96.5% Financing With Co-signer Not Occupying
Hey all,
I'm working on making my first deal this summer and have a great deal on the hook, but am struggling with lenders.
I am looking at buying a triplex for $169,900 that cashflows great, and have been talking ...
Michael Dunn
Preferred Financing for REO ( VA,FHA,HomePath,Conv. )
Hello BP community. I have been researching and racking my brain on which type of Financing to go for. I qualify for VA,FHA,HomePath,Conv. My dilemma is in the amount I have set aside for Downpayment ( $7,500 at c...
Account Closed
Question on financing a multi-family with FHA
When purchasing a 3-4 unit multi-family, you need to live in one of the units to secure financing through FHA. My question is WHEN do you need to start living there after you close on the property? If all the tenants ...
Marc Estepa
Basic financing question with an FHA 203K loan
I have a very basic financing question. I have a home I am looking to buy in need of repair. I am looking at using an FHA 203K loan.
If the cost of the home is $250,000 and I need to borrow $120,000 for rehab costs...
Natalie Kolodij
Step by Step: Seller Financing refinanced into FHA
Hey guys, Can someone please walk through the steps of this process? What to look out for, what are general can and can't do's for this? Can you generally refinance into a 3.5% FHA?Is there a typical set of year/terms...