Jack Rozema
Personal v. Commercial Loans
When looking to finance your purchase of an investment property (I'm thinking of smaller properties like single family homes or duplexes), is it better to use a personal/conventional loan or try to get a commercial re...
Amber Toussaint
NEEDS FINANCING ADVICE
Need advice from my Bigger Pockets family.
Scenario: Own a MF property, bought for $350,000, - monthly income of $5,500 with mortgage and expenses @ $3,500. BRRR but no longer owner occupied -cheaper to rent elsewhe...
Elijah Householder
FHA vs. Coventional
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...
Bill Mitchell
Hard Money - Converting to Conventional Loan
I have never been through the HML process, but it is to my understanding as soon as the property has been properly rehabbed and up to code/inspection you must convert from the high interest HML to a conventional l...
Richard Roberts
Do lenders get greater incentives for certain types of loans?
I spoke with a Quicken Loan lender just to get a quick estimate of what kind of price range I was looking at for my first REI (also first home purchase). The lender stated that the best route for me was an FHA loan. W...
Montez B.
FHA loan to conventional (repeat)
So I was taking to a loan officer and he told me that I can only use the FHA loan 1 time and for me to use repeatedly I have to switch my fha loan into an conventional loan, so I was wondering what would be the pros a...
Amy Lee
FHA vs conventional loan
What would be the perks of using an FHA loan to househack on a multi family home (duplex-triplex)? There's the lower down payment but that makes your mortgage higher, you have to pay the the PMI (I forgot the term on ...
Jason Polykoff
FHA vs. 5% Conventioal
Hi BP!I've been told by two different lenders that the 5% conventional is a better/cheaper route to live-in investments than FHA loans. Can someone confirm or deny? What are the differences? What are the pros and cons...
Michael D'Alessandro
2-4 Unit Financing (Owner Occupied)
Hello,I have been reading/hearing varying information regarding financing options for owner occupied 2-4 unit properties. I realize lenders can provide a multitude of programs from lender to lender, but I wanted to ha...
Andrew Freed
Who says you can only get multis with cash?
My buddy and data geek, @Ian Hogan, ran some cool data from the MLS on methods of financing for Massachusetts multis. To our surprise, most multis are financed with FHA and Conventional financing at a whopping 77%. I ...