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Hey community, I approached a bank today about an FHA loan on a potential property and after talking for a bit he told me they could do a 5% conventional if I was interested. I just wanted to see what you guys thought?
I have a 4 family investment property that has a very high interest rate (7%+) that I have been trying to refinance for the last year or so. Straight refi for a lower rate (no cash out, etc). Given the lower rate envi...
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Hello All,I'm looking to purchase my first rental property outside of Philadelphia for around $100k - $150k. I'm wondering what financing works best for this. I have about $90k in equity in my current property. So sho...
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Is there any way to partner with someone to purchase a rental using conventional financing? I want to bring in a partner to help support the deal (balance sheet credentials). If I'm looking to buy a single family, dup...
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Hello allI'm looking for a bank in the St. Louis and IL area who can finance a free and clear property i own. Conventional loan won't help. I need a bank like a local one, or portfolio lender.Any suggestions?Thanks!
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I am new to BP and trying to dive into Real Estate. This will be our first Rental hopefully!
My spouse and I offered on a Duplex that we think would cashflow (based on the computations used in BP).
We both just star...
Hello,I am 24 years of age and I currently been thinking about my first rental property and I'm going through my options.I work full-time as a Leasing and Marketing associate and my gross income is around 50K a year, ...
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Investment Info:
Single-family residence buy & hold investment in Baltimore.
Purchase price: $133,000
Cash invested: $75,000
Leverage conventional financing to acquire. Used HELOC on primary for ...
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I was speaking with a lender that was doing a preapproval for me and he said for conventional duplexes 20% are always required even owner-occupied is there anyone that can shed light to this?
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I was speaking with a lender that was doing a preapproval for me and he said for conventional duplexes 20% are always required even owner-occupied is there anyone that can shed light to this?