Ben Einspahr
House hacking a small multifamily- Financing options
Key Points
-Duplex- FHA=3.5% down. Conventional= 15% down minimum
-3-4 Units- Must be FHA and pass the self-sufficiency test
-VA Loan- Zero down for 1-4 units!
Action
-Connect with an investor friendly lend...
Matthew Hetrick
Specifically- How to shop for an FHA lender
BACKGROUND: My goal is to purchase a duplex with an FHA loan and occupy one unit for at least a year (i.e. house hack). QUESTION(S): Everything I have read on getting the best FHA loan emphasizes the importance of 'sh...
Miguel Anaya
FHA Can I rent it out .
Hello I’m A super New bee!!!!!! I have a question about FHA loans, since it would be my first time purchasing I would like to use an FHA loan, but I live in California I have a question if anybody could help me out. w...
Corey Dutton
Loans for Bad Credit Don't Reach Homeowners
Since the credit crisis of 2008 and 2009, homeowners and prospective homeowners with bad credit, have had a hard time obtaining home loans. Although the credit limits were lowered for FHA loans, many high net worth...
Brian Campbell
Using 403B and Roth IRA Money
Is it possible to move money from a Roth IRA and a 403B account into an investment property without early withdraw or tax penalties? I have around 15K in several different funds that I believe would serve us much b...
Vince Marroquin
Los Angeles Portfolio Lenders?
Good afternoon,I have clients that are currently interested in a triplex property and qualify without an issue but the property itself does not pass the FHA self-sufficiency test without one of the unit’s income, sinc...
Janille Jackson
Question on 203K Loan
I am a licensed contractor looking for a 203k loan on a property in Englewood NJ. I have a colleague who is also a licensed contractor willing to do a lot the work. 2 questions
Any suggestion on structuring the deal...
Christopher Petrillo
What is your Why for getting into Real Estate?
There is so many reasons to get into real estate. I know for me it was to avoid working a 9-5, soul crushing job that will never give me a way to retire. I am curious, what is your reason for getting into real estate.
Devin Peterson
HUD New MI Factors
Hi BP Team,I realize there have been many posts about the HUD decreasing MI factors today and it's finally about time we're getting some good news! But I have yet to see anyone share the matrix so if you're interested...
K Luu
Side self-employed business to be eligible for a solo 401(k)?
Hi BP, I'm new to the forum, and have a question about converting a traditional 401(k) into a solo 401(k) with checkbook control to be able to invest in real estate, and what constitute as self-employment to qualify f...