Michael Bertsch
Reserves on conventional loan
I have multiple investment properties and living in a SFR. I am wanting to buy another house to owner occupy and turn my current house into a rental. What are the reserve requirements for a conventional loan with Fann...
Alexander Ramos
FHA VS CONVENTIONAL/BRRR
Hello BP members. I am currently looking for 2-4 unit to house hack on FHA loan near midway area. Price range 300-360k which is high, getting 1% on gross rent is barely doable. I am trying to look in the surrounding...
Amber H.
Help with Conventional Loans?
Hi, all! Still soaking up knowledge here. I have a kind of specific question about conventional loans.I have been networking with local real estate investors in my area and actually was blessed to have the opportunity...
Brian Bistolfo
Conventional Mortages Limit - Couple
Hi All,Silly question and I expect the answer will be 'no', but I've seen stranger things in FNMA rules...I know my wife and I can each have up to ten conventional mortgages in each of our names. Can we somehow quali...
AL Brown
Commercial Lending vs Conventional
When dealing with 5plex and up the banks now look at the NOI and cap rates. My question is when applying for a loan for a multi-family over 5 units do the banks still take into account your personal debt to income and...
Account Closed
FHA vs conventional loan
Hi BP famiglia! I am a first time home buyer and looking to purchase a multi family home - live in one and rent out the other. Is it better to apply for FHA loan and put only 5-10% down vs conventional 20% fixed loan ...
Amy Lee
FHA vs conventional loan
What would be the perks of using an FHA loan to househack on a multi family home (duplex-triplex)? There's the lower down payment but that makes your mortgage higher, you have to pay the the PMI (I forgot the term on ...
Samuel Botts
Conventional Loan vs Cash
I'm a new investor and am trying to purchase a SFH (3/2) to rehab and rent using a conventional mortgage. The problem isn't getting the financing but rather getting a property. It seems that the cash buyers have an ...
Jerry Pollio
HELOC vs Conventional Loan
Approved for HELOC, concern is will be purchasing 2-4 properties within 6-1year, high credit scores, debt only on primary residence. What's a best strategy to leverage multiple purchases without over extending with th...
Christine Durrance
FHA/Convention Refinancing Questions
I’m trying to figure out how to strategize financing for BRRRR’s. As a rookie, I might sound like an idiot but let me try and break down my questions. I want to use either an FHA loan or a 203 FHA to finance my first ...