Michael Marcoux
Can I qualify for a commercial loan?
So, here's the (literal and figurative) deal:2 of my acquaintances have a pocket deal for me. It's a 4-plex in Baltimore with $3,430 gross rent and a NOI of $1,778. Asking price is $195,000. If I could find a 20-year ...
Cameron Mertens
First time buyer - question about the right mortgage for us
Hello! I am currently renting an apartment with a roommate in Los Angeles but we have been bought out of our place and are now looking to potentially do some form of house hacking with our buyout $. The full scenario ...
Chris Mcalister
beginner looking to invest in phoenix
I would like to start by saying like the site and thank you all for the useful information. I'm looking to buy a 4 unit multi that I will occupie, I'm new to reality and I'm a first time buyer and plan on using a VA l...
Tony P.
Commercial vs Residential property financing
Hello Everyone,I was wondering how commercial property is different from a residential property from a financing point of view.I'm looking at a duplex but it's listed as a commercial property
N/A N/A
One more "starting out" thread?
Hello, as most others do I'll start w/ a little background. I'm 35, live in Asheville, NC, wife, two kids, one dog, mortgage, 9-5 job, etc. I can go into detail on my mortgage if necessary.
A co-worker, and I, ar...
Michael Sellers
203k Newbie Questions
Hi everyone,I've been doing some research on FHA 203k loans, and I'm a complete newbie to investing so I still have a few questions. I've seen online (usbank.com) that the current average rate for a regular 30-yr FHA ...
Ashley Lovelace
Parent as private lender: closing docs and AFM
My partner and I put in an offer on an investment property yesterday. We had gotten pre-approval for an conventional investment mortgage. Well, after putting in the offer, I found out that for this type of mortgage gi...
Anthony Vaganos
DCSR vs Conventional with transfer tax
Hi all,
First time post as I get ready for my first investment. For the PA investors out there or maybe in other states with high transfer taxes (2% of property value). Curious on whether you've found the math more f...
Paul DeSilva
Banks are only offering commercial loans on my 2 family refinance
I'm trying to BRRRR a two-family I recently purchased. I'm almost to the refinance part and started shopping around for loans, so far the banks that I have spoke to are only offering commercial loans. They are saying ...
Jason Malabute
mi vs pmi (mortgage insurance)
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...