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...
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...
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...
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...
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...
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...
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...
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...
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...
Question?How long after close with a hard money can I wait to refinance to conventional loan.