Hello All,I'm a Canadian, living in Winnipeg who is just starting out into the REI world and looking to get into buy-and-hold single family homes. I'm excited to get started, however coming up with the 20% down paymen...

Hi,I was wondering if anyone knew what happens when you convert a 2nd home to a long term rental property? The second home mortgage has a good rate and I believe I have it classified as a home rather than an investmen...

If you have owned your home since 2020 there is a great chance your home has appreciated enough in value to get your monthly PMI payment removed. This will easily save you 2-5k/year.

Getting rid of Private Mortgag...

I am having trouble funding a tiny home on a resort in Fl. The tiny home is around $70k and the small lot is around $70k. Every bank I have talked to is terrified about loaning on a tiny home and even more terrified...

I am confused with what "DSCR at purchase" is. Does this not include the construction loan ? 
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...

I purchased my first property under my personal name and secured a mortgage as a "second home", but the plan was really to rent it out as a STR. My mortgage broker told me to simply get the "second home" insurance pol...

Hey everyone:So I put an offer down on a home which was accepted. This will be funded via a 2nd home loan. I do not currently own my primary residence. The lender is requiring a quote for home owner's insurance for th...

I recently moved to a home i was going to flip but decided to keep and make it my primary. I have a conventional 30 year loan on the old house(lived there for 2+ years) and private loan on the new one for now. Anyway,...

First I want to say that I'm not a lender. The information in this post is based on research that I've done on Google and BiggerPockets to learn about the FHA 203(k) loan. Writing this out helped me internalize the in...

Hello,
I purchased a property as a second home and now because and I had the opportunity to rent it for one year a month ago. I was talking to my insurance agent and she mentioned that the insurance is for second hom...