Hello all! I am 23 years old and just purchased my 6th single-family rental home.I reached out to the bank to find out how many more I can buy. The answer? Zero. My DTI ratio is now too high which I expected - so it d...
I've been thinking about the future and when the time comes where I will no longer be able to get a conventional loan from a bank. The following potential situation leaves me with some questions.When I can no longer ...
I will be seeking either a 3% Conventional or 3.5% FHA loan. Credit is at 715-720 (720 is much better) but I will have a high DTI and can obtain a family cosigner with significant income and low debt. My understanding...
Quick newbie question: So with the FHA loan, you will still have to pay premium insurance throughout the life of the loan. Isn't that the same as paying the PMI for a conventional loan if you don't reach that 20% down...
For an investor who is house hacking which loan option is better? Conventional or FHA. I learned that typically for FHA you can put down 3.5% but for conventional you can put down 3%. For the FHA you get charged twice...
Hi all,I just finished reading Brandon's book on rental property investing (Awesome book btw).I'm pretty new to this whole real estate investing thing and was wondering if anyone would be able to help answer a few que...
If I use up my 10 conventional Fannie Mae/Freddie Mac loans for investment properties, does that mean I can't get a conventional loan for a primary residence?
is there any potential issues of doing that?
Hi BP,I am about to purchase a property and is given two options by my agent. One is do a FHA loan with 3.5% down on a property with an additional 1.75% for the MI upfront or do a conventional loan with 5% down. I am ...
Hello, my wife and I sold our live in flip for a great profit and have cash for a conventional down payment on a SFH rental. We are currently living in my friends duplex. We also hope to buy an owner occupied small mu...