Brody Veilleux
Using FHA 203k and DSCR refinancing
My house hacking plan is to get a distressed MFH using a FHA 203k loan with about 3.5-5% down, and fix up the property to increase my equity. I will have enough reserves to cover the holding costs as well as some left...
Bret Pomeroy
Suggestions on best way to scale
Currently own and manage my two multi family properties. First a 4 unit then a 2unit. House hacked by living in both before moving into my now single family home. Both properties now have equity and cash flow. What su...
Kip Cline
How do I get long term loan on rentals
What is the best way to get long term fixed rate mortgages on rental property. I have several rental properties that I paid cash for and I would like to refinance into 15-30 year fixed rate mortgages. Banks I have ta...
Jeremy Williams
What deals have you picked up with conventional financing?
In looking around on BP paying cash is a great way to find deals, but I'll be sticking with conventional financing for my first property until I can save up enough or find a partner.
Doing a bit of research I...
Nancy Jenkins
What Is a Good Interest Rate on Rehab Loan?
Can anyone tell me what a good interest rate will be on a rehab loan? What would you consider too high. What would you consider a great deal? Also, I have some commercial property valued at $50,000. Would you sugg...
Robert Reyna
BRRRR With a VA Loan
I have devised a plan and need y’alls help to tell me if this is even possible and the obstacles I’m going to run into because I know for a fact I’m gonna run into a lot and this might not even work. I was thinking ab...
Abigail Okenge
Transitioning FHA Loan to Conventional... Requirements?
Hello, rookie here!My husband and I currently live in a single family home outside of the city, but are wanting to rent out the SF and move into a duplex closer to the city/his school (he's a grad student). We are wan...
Jade Pickenheim
Interest rate on duplex?
Hi BP, and thank you for existing.
We're very close to contracting on our first investment property, a duplex in which one unit we'd live, and rent out the other.We've been talking with a lender, a family friend, for...
Bob Bevis
NH Investor Friendly Conventional Lenders
What banks, loan officers or direct lenders would you recommend using for traditional conventional mortgages that understand the Investment property scenario vs. traditional home buyers? I can search google for rates...
Damon Aniton
VA Loan Refinancing
What loan limit is it time to consider refinancing out of a VA loan?By the end of the year I would be at the 1 year mark on my first multifamily purchase and am in the planning process for my next purchase. I do know...