Are there any disadvantages on using assistance programs on an FHA loan?
Good Morning!I am trying to put together a plan for a down payment on my first investment property. I purchased my primary residence around February this year. I paid $260000 and rolled in $15000 in closing costs ($27...
I've been browsing BP for a couple of weeks now and have been pleasantly surprised by the quality of the community here. Thanks for making this place so valuable.
I am looking for advice. My wife and I own a home,...
Hi All!I purchased a duplex for $340k w/ 5% down on a 30 yr-FHA @ 2.75% w/ $21k all in. I currently cash flow $265/mo (10.6% coc). PMI is $213/mo. This is a house hack, so next yr cash flow $640/mo for a 25% return. T...
Hello everyone. I am working on purchasing a triplex or a quad and have two questions that are preventing me from making any forward progress, and I would really appreciate any input.
1. Currently I am living rent f...
Hey everyone!Here's the deal. I have looked all over and crunched the numbers and wanted to see what the overall consensus is on a FHA to Conventional loan to get PMI removed. Since I put less than the required amount...
hello everyone,
first off, thank you for taking a minute to read my post and i appreciate any suggestions you choose to offer. This is my first actual post to BP! so to start off and briefly describe my situa...
Hello everyone Im Alfonso a beginner in this new pursuit of building my portfolio. I have a year with my primary home financed through FHA with a really low apr. Got some equity to get out off that loan but not enough...
Hoping to get some insight on an opportunity I have. There's a fourplex I'm looking at, seller asking 550,000 that I can qualify for with an FHA, 3.5% down, using the rents from 3 of the 4 units. I love the idea of ...
I currently owe $223k on my current FHA mortgage. Loan is 6 years old. I am at 5%. My goal with the refinance is to get my payment as low as possibly to help save a little bit more and buy another home in the next cou...