Nathan Buss
New PMI Rate for FHA loans
Hi all,For those who have not seen the news on this FHA is reducing the PMI rate from 1.35 to 0.85%! This is a significant savings and could mean the difference from cash flowing and not.
Jieun KimCaywood
Got a House as a Gift and Now Starting On...
Hello, I am a beginner at BiggerPockets. I have been studying for the past six months by reading books and listening to podcasts, and exploring the site's flow and insights.
I am very impressed by the outstanding an...
Jason Leggett
Subject to / seller financing hybrid
How do I structure a deal if I want to do seller financing but the seller has a mortgage. I've seen 1 post talking about subject to and seller financing hybrid but it doesn't explain or break it down. Ex. Seller st...
Lucas Hammer
Interest question if paid after the 1st
So I'm in my first ever mortgage (house hack in Chicago) and my mortgage is being serviced by Chase. The due date is the 1st, but on their website, it says that there's only a late fee if I pay on the 16th or after. M...
Natalie Barber
Distressed Property / Wholesaling
Hello,Im new to the wholsaling thing and sent out mailers a few months ago, and then stopped... and someone just recently contacted me about selling their property, they told me they owe about 4,000 on it (mortgage) ...
Debra Mittleman
Financing Options for Investment Property
All of the books I've read on real estate investing discuss putting 10% down, financing the rest, etc. etc. etc. However, where are these companies that will finance with 10% down? All that I have seen posted on thi...
Saurabh Arora
How to Maximize Rent Vs Mortgage Payment Spread
Hi Everyone,I'm a young professional who's saved up $50,000 and would like to start investing in rental real estate. I want to utilize as much leverage as possible so I am assuming a 20% down payment for a property. I...
Khari Harper
Buying my first multi family investment property
My partner and I plan on buying a 5 family with a potential 6th unit in Irvington NJ. Before we purchase I had a few questions. The owner is open to seller finance. Is that something you would recommend doing even if ...
Mohammed Milord
Is it a good idea to use a personal loan as down payment?
Hi everyone,I'm new to real estate investing and I'm trying to think of different creative ways for financing my first investment property. I would like to invest Out of State but I don't have enough money for a down ...
Jim S
What would you do?
Listed a finished project and received 4 contacts on the house in the first 2 days. 3 were FHA and one was conventional financing. I was reluctant to go with any of the FHA due to their appraisals tending to come in ...