I'm a new investor and working on making my first purchase. I was approached by an agent who claimed I most likely wouldn't qualify for a conventional loan based on the fact I wouldn't be living in the residence.I hav...
What are the average closing costs of a conventional loan on a multifamily development. Are closing costs different if the loan is being used to pay off an existing construction loan (i.e. a refinance) versus for the ...
Hi investors,I live in Brooklyn and have rental properties in D.C. and CT.I am looking for advice to a specific issue I can't quite figure out.I recently found a great single family investment opportunity in Denver. ...
Ok, what are the differences of commercial vs conventional loans? Here's what I've surmised so far:Commercial: -have to put more money down (not sure what % though)-have to make/have a lot more capital-have to operate...
Will it be rare to find a wholesaler that will work with someone who has a conventional loan?
Hi Bigger Pockets Family. Can someone be kind enough to explain the process of using a conventional loan to do a wholesale deal. Thanks Paul
I'm looking to buy an investment property but also looking for a main residence. I'm 24, working full time 4 days a week, decent income but i don't have currently enough for 20% down which I've heard is standard for 3...
So my fiance and i are looking to buy another property before we officially tie the not. I have used my FHA loan and currently have a 3 family. We are thinking of using hers on another. Before we do so i was kind of c...
Hi everyone,
I bought a duplex this year and it's going great. I want to get into BRRRRing properties early next year. I have 2 options I thought of and would appreciate opinions-
1) Use 5% down on a conventional lo...
I am closing on my first property using FHA, interested in buying a 2nd property.What other financing options can I use?DSCR? What are the pros and cons ?Any other financing options ?