Hello,
I've reviewed the deal analysis page and read through the article shown here multiple times:
http://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/
1. It is known t...
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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...
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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...
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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...
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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?
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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...
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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 ...
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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...
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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...
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Hey everyone - just wanted to introduce myself to the community and put my thoughts out there for feedback/input. I've been in LA for the past 7 years (UCLA & work) and my background is in finance. I've been consu...