Account Closed
Fannie Mae and 20% down rule
I'm finding with my lender that they don't want to lend me with less than 20% in the property, even if the numbers look good. Why is that? They say it's Fannie May rules. How do I skirt that? i asked them about PMI, t...
Account Closed
FHA 203K Renovation Loan - Questions
Hello BiggerPockets family!
I have a house under contract that I am using an FHA 203K loan to purchase. I am completely new to all of this and was hoping to get some advice from everyone here.
My first questions is...
Carlos Feliciano II
Estimating rehab costs during initial lead generation and triage
Hi All,As I slowly stack money away for my first future rental purchase, I have a few questions regarding estimating rehab costs when going through practice reps. I'm basically going through properties on Realtor and...
Richard Ramirez
MY FIRST RENTAL PROPERTY
Hello everybody,
Looking for some guidance.... I'll be getting a second house(new built) in April this year, therefore my current home (Let's call it the Newbury home) will turn into my first rental property. I just...
Ron Smith
Account Closed person recommending a turn key company
I am a newbie to this site. I got a colleague request from someone who is Account Closed. Intially I thought like it is a funny user name but looks like this persons account is closed by BP ( perhaps for violating som...
Benjamin Freed
House Hacking SFR Not Legal in My County?
I recently asked the AICP (zoning officer) for Bartow County (north of Atlanta, Ga) about the process of renting out rooms in a single family home for house hacking and what I would need to do. This was his response: ...
Jonathan Gomez
Seeking insight on zoning in Philadelphia
I am in the process of searching for my first investment property. I do not know much about zoning. I am currently looking at a property that is set up like a duplex, without the zoning being changed accordingly. This...
Adam DuCharme
Cash vs Financing for Fix & Flip
I'm getting ready for my first flip project. Is there a rule of thumb of what costs require cash up front vs what can be covered via loans? From what I"ve gathered on a few posts, I believe the hard money loan downpay...
Jarnal Harper
Deal analysis
As an investor how do you go about analyzing your deals and what makes a good deal to you.
Ahmed Napier
"As is" Vs. ARV
Hello, I am a new investor. I am having trouble determining the "As is value" Vs. the ARV. When you look a property up on the MLS is that the "As is value" or the ARV....I would appreciate it someone can clear thi...