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I personally purchased a four-plex last week with FHA financing. I signed a property manager on at 6.5% or $40 a unit which ever is greater and $150 new lease commission (excludes any renewals). Do you protect it pers...
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Hey all,
I've been listen to all the BP podcasts for quite some time now and have finally found a property that interests me. I have heard so much about using FHA loans as a means to have a lower down payment but whe...
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Headline in Oregonian Sunday paper reads: Is it time to buy a condo?
What is interesting is that after sitting on the market with no activity my girlfriend's son-in-law got 2 offers within 3 days of this article. His...
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Just listed a new rehab project for sale Friday at 155k, received an email this morning from buyers agent saying client is interested but "only approved" for 146k and needs 7k closing cost.
We are still making a kill...
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Hello all,Pretty new to the forum still so apologies if this is in the wrong spot. But I have a question about conventional mortgages vs FHA. I am looking to “househack” within the next 1-2 years. I am a recent grad a...
Hi all!
Looking for creative ways to buy a pre-foreclosed property, the situation is below.
The owner owes in the 400's on a property that is zoned 2 fam but they converted back to a 1 fam. Listing talks about t...
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Hi everyone! I'm from northeastern Maine and spent some time in Bangor and Florida. Now, I'm living in southern Maine. My plan is to buy a duplex/triplex/quad to HouseHack within commuting distance to Portland. I'm ju...
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I've spent a lot of time studying and I'm ready to begin looking for my first property. I've decided to house hack multifamily using FHA financing. this deal looks great seems to meet my criteria any feedback?I'm esti...
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I'm wondering if anyone has purchased and sold a home in less than 90 days with FHA financing since the 90 day seasoning rule has been lifted? I've heard rumors of lenders not being able to sell these notes on the se...
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Howdy! I have run into an unexpected road-block during the pre-approval process for buying a small multi-family property (2-4 units). I am planning to buy a small multi and turn my current home into a SFR. Yesterday I...