James Lian
PLEASE HELP: Question about 5% down Conventional for a 1-4 unit
Hi all!I know that you can do an FHA 3.5% down on a 1-4 unit property as long as you occupy one of the units as your primary residence. But could you do the same for a conventional loan? I am getting different answers...
Jamal Stroman
Long distance analysis
Hello all,I've heard it said that a beginning investor should analyze 3 deals per day even if he isn't buying presently. I started to do just that and I quickly found that analyzing 3 deals per day is giving me fits. ...
Nick Shri
How long before banks/lenders consider rental income towards DTI?
BP'ers - here is a scenario.I am pre-approved $250K. I buy 1 property worth $150K - I will name this property my NEW baby. This means my debt has increased after closing on NEW. I find another property worth $200K tha...
Andrew Freed
Experience with Closing on Auction.com???
Hi BP Community,
I am an investor interested in a couple properties on Auction.com and wondering if anyone has closed on any deals through this company / has insight. For the deals that I am looking at, it advises th...
Danielle Voth
Do I need six months of rent per unit in the bank at signing
Hello, this is my first post on here. I am new to the real estate investing world and am looking to buy my first multi-unit home this summer. I have heard that if I buy a house with 3 or more units, I have to have 6 m...
Longino Richardson
Hard Money Lender for Louisiana
Hello,
I'm a real estate investor in Lafayette, Louisiana looking for a hard money lender for the area. I would be using the loans to rehab properties. I have a sound exit strategy, good credit, and reasonable capi...
Thomas Heaphy
Get started with rentals using Heloc of loan?
I am looking to have rentals from SFH orMFH. Would love some advice on using HELOC from fiancé or loan from bank to get started. Also have some cash aside would rather use that for a fall back for 12 month of payme...
Ashley Andrews
Estate with property that is going to go into foreclosure
Hello, I'm looking for some advice/assistance. My father-in-law's dad passed away and has a home in Florida. He has an estate set aside and has been advised by a lawyer since the property is under water and currently ...
Christopher McCormick
Flipping Laws in Illinois
Hello everyone,Long time lurker, first time poster. I am slowly working through my first flip in Illinois and I’m hoping some of the experts here on this forum can expand on some flipping guidelines in this state. My ...
Steven Barr
Single Family Home Portfolio Valuation
In the eyes of the lender (specifically for cash-out refinance), are single family home portfolios based on the income they produce? or strictly comparable properties?Example: You buy 20 duplexes for $75k each on the ...