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Hey all,I'm just getting started with out-of-state real estate investing and I'm curious about which style of loan to look for.Do I stick to a conventional loan while I'm learning or go straight for the more "investor...
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Hi Everyone! I’m looking to refinance my duplex. I’ve got to get this monthlY payment down to create more cash flow - I like the idea of a HELOC - My broker is suggesting I refinance to conventional and take out a HE...
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Hello all,
I am looking to buy my first rental property and am looking to start by using a conventional loan. The question I have is, is it better to go with a well-known brick and mortar bank, such as PNC? Or, is i...
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I have an investor I'm working with to help locate a property to use the BRRRR method. He has hard money financing lined up. However he's looking into doing conventional financing as a secondary option. I've spoken to...
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Good morning BP friends. I am currently looking to use an owner occupied loan to purchase a small multifamily (two-four plex). I have qualified for both 3.5% FHA and 5% conventional. I am aware of the benefits of each...
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I understand house hacking with a FHA loan will only work for up to 4 units, I'm wondering if it's the same for conventional? I'm still learning and just exploring my options. I'm considering partnering with someone t...
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Hi All,
Looking for some advice/feasibility of a financing strategy I am looking to do on a house I am about to put an offer in on.
BACKGROUND
I have pre-approvals from both commercial and conventional loans. The...
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We've got over a dozen of properties loaned with conventional mortgages and at this point it's getting more difficult to get advantageous rates for additional properties. Many banks have either individually-owned or h...
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Hi BP -I’m Michael and a newcomer to BP. Would greatly appreciate any helpful responses to my question. Thank you. - I currently rent in New Jersey and looking to either move or get a second home in Florida. How would...
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Question?How long after close with a hard money can I wait to refinance to conventional loan.