Mark Elegeert
FHA arms-length guidelines
Hello all,
I know there have been some changes to FHA short sale guidelines lately but I was under the impression that they were rescinded. Nationwide Advantage Mortgage just told me that I couldn't negotiate...
Sandy Uhlmann
Bidding Guidelines for Notes?
While I am sure this topic has been discussed, for some reason my search of bidding guidelines for notes has not yielded any information other than for bidding on HUD homes.I have traditionally focused on NP junior li...
Jonathan Katz
Bernanke -- Outlines coming guidelines
At this time these are the current proposals:
* Outlawing No Doc loans -- Bye bye "liar loans"
* Prepayment Penalties will be no longer allowed at certain times on certain loans.
* Take away some incentiv...
Ernad D.
Guideline for analyzing properties
Dear BP members, I have been a BP member for a short time and have already learned a ton about RE investing. I am a big fan of the podcasts! I currently own one four-family property and am currently looking to purcha...
Rich Ramirez
FHA guidelines for Rehabs
Hi BP Community:
I'm pretty sure I'm understand correctly -- if one was to purchase a home with an FHA loan, there's a 12 month minimum to hold on to that property. However, if one was to sell one's property to an FH...
Jacob Walls
Fannie mae guidelines duplex
I am working on closing a deal for a duplex to house hack. One side to be my primary residence. I got a call from bank mortgage company and they are telling me that the max loan they can give us 85% value. So I would ...
Nando Gapasin
203K Underwriting guideline question
Hello, I found a home that can be purchased for $100K and needs $140K in rehab. ARV $315K. I was thinking about using a 203K loan, but was uncertain about the underwriting guidelines for the 203K.- Do I qualify for 2...
Adrian Chu
Bremerton loosens ADU guidelines
For those of us interested in the Kitsap Peninsula, another fun house hacking tidbit. Bremerton is loosening up its ADU regulations with extra flexibility for existing unpermitted ADUs.
https://www.kitsapsun.com/st...
Michael LemMon
Vacation Home Loan Guidelines
I am exploring the different types of loan options I have and had a question about 2nd home/vacation home loans...
I understand all the financial aspects but as far as the other guidelines go... I know you need to oc...
Andrew B.
New Dog (Pet) Guidelines
For the first time I have a tenant who is getting a dog while under lease. Tenant had a dog previously (dog died a few months ago) so I know I can trust them with a dog. We have already said no puppies and our HOA lim...