With this new Fannie Mae conventional 5% down on multi-family loan is is it similar to the FHA loan where I can only have one out at one time or can I take as many 5% down conventional Lonas out as I want. Are there a...
Hi everybody!My husband and I are trying to buy the house we are currently living in. that will be our first purchase and we really don't know much about real estate so my apologies if the questions I am about to ask ...
I've been trying to contact my lender but haven't gotten the answer. So I'm reaching out my BP members :)My questions is based on this estimation, is my monthly paymnet $1070.42 or will it be $1070.42 + $285.15= $1355...
Hello BP!I was wondering what type of loan I should expect from a lender if I have a good credit score, working as an engineer, and am looking to live in a small multifamily in the Tulsa area. I want to be able to wra...
When lender says, "For FHA loans, there's a 1.75% upfront MI (usually added to loan amount) and 0.85% monthly MI" What does that mean???For example, if the property is worth $559k, $200k down, and $359k loan would fol...
hey guys not currently in real estate investing but learning and trying to prepare myself for best success. Currently in school saving and investing in stock market and just recently got a credit card to try to build ...
Hi everyone,Im a new investor in Miami area. Worked hard over the past year to save up 30k for a residential income property. Preferably 3-4 plex while at the same time studying blogs and every book I could get my han...
Hello everyone - wanted some help fleshing out my thoughts on this deal analysis for a fourplex in Utah. I'd be owner occupying one of the four units and using an FHA 3.5% down loan. Also, I may have the option to get...
I just finished the 1st chapter of No/Low Money Down and learned about FHA + 203k Loans which gave breath to some ideas. Tell me why this won't work! For example...Say we found a foreclosed house in Oakland. Let's use...
Selecting a loan officer in brief…For experienced home buyers, I want to quickly lay out my strategy for picking a loan officer. Subsequently I’ll go into the detail for those interested or less experienced with the ...