Raju Balakrishnan
Non-Cofirming loan at 70% LTV for rental
I am trying to cash-out-refinance my rental to take 70% out. This will be above the jumbo mortgage limit for the county at around 700k. Tried with portfolio as well as conventional lenders, and yet to find someone giv...
Pat Jackson
Missouri Loan Originator
I'm wanting to give seller financing a shot in Missouri, and believe I need to use a loan originator to stay above board with Dodd Frank if I do more than 3 deals a year. Loan originators are easy to find, but they'r...
Kenneth Smith II
Mortgage on Rentals for Self Employed
Hey everyone I am new to Bigger Pockets and new to investment properties. I currently have 4 doors. Three are rentals. The fourth was going to be but decided to flip after speaking with a trusted friend and realtor...
Account Closed
Fannie Mae and 20% down rule
I'm finding with my lender that they don't want to lend me with less than 20% in the property, even if the numbers look good. Why is that? They say it's Fannie May rules. How do I skirt that? i asked them about PMI, t...
Benjamin Borum
Residentially listed, commercially zoned
I am 2 weeks from closing and the appraiser informed me that the SFH in Florida I’m in contract with is zoned strictly for commercial use. This resulted in my residential loan getting denied. Does anyone have any sugg...
Tucker Cummings
Loan Products for Primary Residence
My wife and I are hoping to move to Austin within the next year. Our plan is to househack and move into a 2-4 unit building while renting out the other sides. We currently have a mortgage on a primary home and we have...
Daniel Netzer
203k FHA construction loans - and use cases
Has anyone used a "203k FHA construction loan"? I am curious to know how it works and what the rate is relative to the typical FHA-conforming loans.
Aariff Kadar
Funding - how do you manage?
Hello All,I am just starting out on REI? Just want to know how do you guys arrange to fund the first property?Banks are not dealing with LLC and How do you guys arrange fund to invest in the first property? Aariff
Ariel K.
Refinancing my Rental
I purchased a 4plex in late 2018 in Ohio. The property appraised as a 4plex and I got a Fannie 30-year fixed mortgage with no issues. Credit and income are no problem at all. Purchase price was $80k. I am trying to re...
Pasquale Zingarella
Zoning Density Restrictions - North Fort Myers
Hello BP! I am trying to convert the 4th unit of my quadplex into 2 smaller units making my building into a 5 unit. Zoning told me since I am in a "suburban" classification the density only allows 6 units/acre and si...