Jonathan Quesadilla
House hacking with 3.5% down or 20% down.
Hello fellow bp members,I am currently eager to get my foot in the real estate game and working hard to learn, earn money, and get the ball rolling to house hack. I am eager to start house hacking but I do not have 20...
Michael A.
Are FHA loan offers still competitive in this market?
I’ve been reading as much as I can on BP and one thing that is highly recommended is the use of an FHA loan to purchase a multi unit property to house hack. When I bought my first home I opted to use the VA loan since...
Jordan Hamilton
Is the price right? (first fourplex offer)
I am trying to get into my first deal which happens to be a fourplex in Miami Florida (neighborhood of Allapattah). My strategy is to use FHA financing to allow me to put down 3.5% to basically get me in the game, liv...
Griffin Carson
Multi Unit Acquisition
I am looking to purchase my first property within the next 1-2 years. Preferably a 4 unit but wouldn't be opposed to a double.I want to fund this through FHA as I plan to house hack and rent the other 3 units.I have n...
Kyle Stoltz
Multi unit property.
If a person buys a multi unit and lives in it do they get the same financing as if it was an owner occupy home?
Becky Comish
FHA Stramline Refi - Do it
Here's what we're being offered by the mortgage broker we work with. Is this worthwhile to do?
- Our current payment will go down from $1287 to $1154 - so about $134 in cash flow savings.
- no closing costs. Our brok...
Brandon Cao
Assuming an FHA Loan - PMI Carried Over/Able to be Removed?
Hello All,I may be selling a triplex in a few months that has an FHA loan attached to it. Note this FHA loan was originated before the June 2013 change that makes PMI last the life of the loan. Instead, since it was...
Dave W.
Re-fi offer from our lender (Wachovia)
We currently have a pick-a-payment ARM. We're not behind in the payments, but are paying the minimum pymt, resulting in about $1k/mo being tacked onto our outstanding loan amount each month in deferred interest.
Our ...
Rory Kinnear
Starting REI with low income, high capital
Hi folks, I've been researching how to get started with REI (house-hacking/duplex, or SFR with roommates), and am wondering what sort of strategies people use when starting off with lower income but high starting capi...
Colton Schrader
Advice for a successful first house hack
Hey BP community,
I'm a new investor that just recently graduated college and have been storing money for a house hack for about 6 months now. I was wondering if you guys have any advice or tips on a successful hous...