Stephanie Wells
Unconventional Mortgages - Sounds Too Good To Be True!
I was speaking with a lender who told me about unconventional mortgages where you don't qualify based on your income, but instead on your credit score and how well the property cash flows. I had no idea this even exis...
Dooreuhn Cee
Chicago basement/ garden unit legality question
I am looking at 2-unit apartment buildings and many of them have a "3rd" unit as a garden or basement. Because they are out of compliance with zoning, it seems that there could be some exposure to city violations, et...
Brian Witherby
Non Owner Occ HELOC or 15/30 Mortgage < 5.5% w Private $?
Does anyone have experience with private lenders listed on the BP database that could conform with the above scenario?I have a single family house I bought with cash for 35k that fully reno'd has comps within 0.5 mile...
Daniel Pierson
Is it legal for me to rent out both units?
Hi BP,I’m looking to acquire a non conforming duplex in Spokane Washington. The property is zoned as allowing for 2 units however it’s recorded as a SFH with the county. If I do not convert this to a legal duplex am I...
Jeremy D.
Any advice on RE portfolio and strategy?
Hi everyone- I have been browsing this site for quite some time and finally decided to join. I have been investing in rental RE since early 2009 and have acquired a number of rentals ranging from SFH to 4 units. I k...
Sonam Gill
Converting a 3-unit building to a quad near OSU campus
I am closing on a 3-unit next week near OSU, and my inspector and contractor both advised of the option to divide the large first floor into two units, making the building a quad. Does anyone have experience doing thi...
Jeremy Mortimore
Multifamily(?) turned into a single family but listed as Multi
I put an offer on a home that was previously a multifamily home in Providence RI. Every home within several blocks in multifamily, not a single family home in sight. I put an offer in and after some back and forth,...
Kyle Tribble
First home purchase VA loan
This is the beginning of my real estate investing, I'm going to use my VA loan and get a house at around $200,000. We will live here for at least 5 years before moving and renting it or selling, I'm looking for any ad...
Darien Miller-Gowan
Seller Financing Questions
I have a couple questions regarding seller financing after you complete the deal: One, if you have a balloon payment say at 5 years how do you properly refinance into a conventional loan if that is the path you want t...
Dawn Maust
10% down with a jumbo mortgage
Does anyone know of a lender who will work with us on getting a jumbo loan with 10% down. It is on Emerald Coast in FL. Price is 1.3M and would love to only put 10% down. A previous agent (3 years ago, in Oregon) talk...