Brian J Allen
Fannie Mae 5% Down Multifamily Loan: A Double-Edged Sword
In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment. One might thi...
Adam Walter
Trustee is trying to void my mortgage in Bankruptcy court
I have an interesting situation and trying to figure out the best solution. I sold one of my rentals to my tenant with a seller backed mortgage and note (this is in Ohio). The date of the note and mortgage was Octob...
Mason Jeffries
Rental income... Do lenders accept it?
So I have been finding out the hard way that rental income does not always count when qualifying for another mortgage.I am house hacking our primary residence. Although I collect rental income from our long term tenan...
Huso Akaratovic
Interest rate on investment property? Hmm..
Greetings folks, I am attempting to finance a rental property. I have never taken out a loan on a rental property before, since I’ve always paid cash for it. I am trying to scale my business up and not spend all my ca...
Jordan Archer
What are some IMPORTANT QUESTIONS to ask a real estate lawyer the first time you meet him/her?
I will be meeting a lawyer tomorrow for my first time...I was wondering if there were any important things to inquire about?I will be focusing on buy-and-hold, as well as wholesaling single and SMF properties.Thanks!
Dustin Murray
New to Biggerpockets itching to get started.
New to bigger pockets itching to get started but no clue what to do. I have looked at a few properties already this week and going to look at another one today. First question from the new guy, I am all over the place...
Raymond T.
Sell or continue to rent it out
Hello BP,Here's my current situation and I would like to hear your opinion on what would you do if you were me. My question is should I sell my rental in Riverside County or continue to rent it out when the current l...
Gregory Heddaeus
Keeping First Home as Rental While Upgrading To A New House
Hello,
This is my first time posting as I am new to this site.
I am currently searching for a new house and I am trying to work it out so that I can keep my current single family house which is in a good rental ar...
Jordan Szabo
looking to buy fist rental, considering Lansing, Michigan
Hello BP community,
I’m a brand-new member and I’m looking to pull the trigger on my first rental property soon. My primary residence here in San Diego has a lot of equity and I plan on getting a HELOC to pay for my ...
Jessica Perez Velazquez
Should I sell my first home or rent it?
Hi all! First time homeowner here (since 2020)…I really want to move out of my current home because it is too large for me and my two dogs and I hate cleaning so much space (refuse to pay someone to do it haha)it’s a ...