Jameson Waltz
FHA From Conventional
I am in the middle of selling my current home and buying my new home. Things have been going pretty smooth aside from the fact that the buyers side have been a little more than needy in regards to this home. My home i...
Account Closed
FHA vs Conventional
I understand that you are only allowed to have one FHA mortgage open at a time, in order to prevent the use of FHA loans for investment properties. I also know that FHA loans are mainly meant for first time home bu...
Nick Williams
Old Motel Convention
Looking for any help/advice.
There is a old 1968, 37 unit motel for sale in my town for 650k. The borough assessment is 736k and when it was appraised in 2003 it was 725k. It is still in operation but is in very poor...
Ryan Keenan
Conventional loan brrr
Hello BP, is it possible to use the brrr starting off with a 15% down loan owner occupied fixing and refi out? Has anyone done this will it work?Thanks!Ryan
Shawn Gardner
FHA vs Conventional
Hi, I’m in the process of selling my first flip and it’s been one thing after another with the buyers lender. The buyer has an FHA loan and I’m curious to know is there a difference in between FHA vs Conventional loan...
Joe Splitrock
Conventional Loan Limits
I am looking to acquire a 4 unit property that is selling for $750,000. My lender is telling me for conventional financing at 30 year term that there is a maximum loan limit of $453,100. So I would need to come up wit...
Juan Alvarez
Duplex financing conventional
Hello all,Where is the best place to look for duplexes that qualify for financing. The only ones I find are directed for cash buyers. It’s hard to start off in real estate as a cash buyer if you do not have the cash. ...
James Sheppard
Non-Conventional Financing
I have a single family home that I am interested in doing a buy and hold transaction but based on the selling price there really isn’t enough equity in the home to do a hard money loan so that I can purchase and refin...
Bruno C.
Conventional MF guidelines?
Hi all! I'm looking to put an offer on my second property, a 3-unit in the MA/RI area. However, I'm just curious about lending guidelines on conventional mortgages that are non-owner occupied. Is there a minimum down ...
Travis Bobo
Conventional Mortgage Requirements
Hey BP,I am currently working on locating my first deal. I am looking to buy and hold and we are looking at property in the 50k to 100k range. I have A+ credit and will be able to put 20% down. Most everything we h...