Michael Dunn
5/1 ARM or a 30 year fixed..........
I am trying to weigh my options on if I should go with a 5/1 ARM or a 30 year fixed mortgage. I was leaning towards the 5/1 , because
1. I could get a cheaper interest rate initially
2. I don't plan ...
Jesse Gargus-Smith
FHA loan MF question
So I was talking to my REA earlier about a mailing list for MFs, and I mentioned that I wanted to be able to use an FHA loan for those properties, and he said that an FHA loan would only work for one half of the duple...
Jeremy Basiger
FHA Non-occupant co-borrower
I am trying to find a creative way to fund my first investment property. This quest has led me to a few questions that I can not seem to find answers too. First the back story.I am a veteran, I bought my first house a...
Christian D.
Can Mortgage Brokers Dilute Their Commissions?????
I have a mortgage related question regarding a property I am currently in contract with and hopefully set to settle on in the next couple of weeks.I am purchasing a duplex under an FHA loan (5% down) with the expectat...
Barbara Hutsell
investment property (ours) foreclosure
I'm new so maybe you just need to point me somewhere, but here's my question: How do you get the Lender to take the Property!! It's been 20 months since our previous renters left it needing extensive cosmetic repair...
Terron Winn
Happy Humpday BP! I have a long winded question for you all.
Hello all, I am 32 years old and I would like to have financial freedom; with that being said, I am trying out Real Estate. It has always been the back of my mind but now I am ready to Jump into the waters; However, I...
Daniel Yoo
Commercial Apartment Financing - From Bridge Loan to FHA Loan
Hi BP world,
I need your expertise on this scenario. I will be purchasing and rehabbing a commercial apartment property using a 2 year Bridge Loan.
My exit is to stabilize the property and refi out into a FHA loa...
Dawson Quimby
How Much House Can I Afford?
Hi Everyone!I've been interested in house hacking a multifamily property for a while now and I think I'm getting close to being financially ready. Before going to a lender I wanted to get thoughts from others on what ...
Wes Franco
First Time Investor/Owner in Ultra-Expensive Market
Hello! I joined BiggerPockets today and look forward to networking and finding my way to time, location and financial freedom! I HAVE NEVER OWNED A HOME. Primary or rental.
Here is my current situation:
I'm 27 years...
Roy C.
FHA loan vs. cash refi 20% down conventional loan analysis
I have been analyzing FHA and conventional loan, and I just want to double check with you guys on my thought process.I created a hypothetical property with following info:2nd property to own- DuplexPurchase price: 200...