Tim Shin
203k Loan for Multifamily home: What can we repair, who are the contractors, what are the limits?
Hi All,I'm back to investigating my owner-occupied quad-plex plan in Houston. I really want to try buying a fourplex with a FHA/203K loan but I don't know much about it. Are there loan limits for a 203k loan? What kin...
T. Alan Ceshker
Wraps and due on sale clause
I want to start a discussion re the due on sale clauseWe are seeing more issues re lenders calling notes due. Some because of mistakes with insurance. But, some due to lenders looking.One lender/servicer is HomeLoan...
Chow Ahmed
Househacking in East Rutherford/Carlstadt Advice
Hi All,I am a first time poster and first time buyer. I have been listening to BP podcasts, Googling acronyms, reading forums, and searching Zillow/Redfin/Realtor/etc for about a month now. I am searching the Northern...
Bart Modzelewski
First BRRR - Could use any additional analyzing insight
Hello BP, I have a property or two picked out that interested in BRRRing but before jumping in, I would like to run the numbers by you to see if there is anything I am missing. The numbers have been pulled from MLS an...
Meera Lakhavani
Non refundable earnest money with 203k financing - YAY or NAY?
Hi BP Friends!I am trying to go under contract for my first house hacking deal in Chicago using FHA 203k financing. The market is brutal, 15+ MLS offers rejected so far. All the investor friendly multi-unit properties...
Mark F.
VA loan or conventional for rental property?
Hey guys and gals,So I'm getting out of the service, transitioning to the reserves actually, if all goes well next year. Planting my feet in the New Jersey area, specifically Essex county or around there. I plan on bu...
Patrick Ketchum
Can I use an FHA on a mult-fam property?
If this is a dumb idea, please call me out on it. My wife and I are thinking about making our first home a multi family home (duplex to fourplex range), and I'm wondering what the best financing option would be. In my...
Vladimir Gostrer
About 800K in equity in main property looking to buy another
I have a main property which I just got appraised and have a bit over 800k in equity. I'd like to purchase another one nearby to use as my main one and put this one on the market as a rental. What are my options as fa...
Taft Love
When do seasoning rules usually apply?
I hear about financing out of mortgages and loans often. However, what I don't know is when seasoning requirements generally apply. While I realize that non-conforming loans can choose their own restrictions here, let...
Jarrod Rayner
VA Loan and a military transfer, How do I get another house?
I bought a condo for 262k of my 417k VA Eligibility, I'd like to by another home at my new duty station (PCS orders). I'm trying to buy a home or two at each duty station until I leave the Military, I also am having a...