David A.
Lenders for an FHA 4plex with 3.5% down?
I've been running into a wall where the lenders I've contacted about getting an FHA loan for a multifamily will only work with duplexes maximum with a 3.5% down payment - for a 3/4-plex, they require 20-25% down. From...
Ben Volkman
DFW Dallas FHA Lending - True or False?
Dallas/DFW - I was speaking with my broker and she only had 1 lender who would do an FHA on a triplex (trying to do owner - occupied house hack). The lender said that in order to qualify for FHA the 2 non-owner occup...
Stewart Wyne
The Log House at Sugarloaf - Vacation rental cash cow
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $1,100,000
Cash invested: $250,000
This luxury custom log home is a 6BR 6 bath, off-grid eco solar home and...
Emerson Hazell
Bank FHA requiring 25% down
Hello,
So I have been planning on purchasing my first property ever. My plan has been to buy a duplex or a triplex, be an owner occupant in one of the units, and put 3.5% down. Thinking this is very common with many ...
Courtney Mccrear
fha program 4plex
Has anyone utilized the fha program to get a quad?
Have a couple questions for anyone who has under the new 5% downpayment program!
Lenders, Agents, Investors, Homeowners, any feedback is appreciated!
Henry Lazerow
Rule Change: No longer allowed 5% down home possible - House Hack
Very bad news! Freddie Mac just sent out a bulletin announcing a rule change for Home Possible 5% down to now have a $67,000 income cap (chicago). Meaning if your income comes over this you can no longer do the loan. ...
Steven Terrell
Looking to acquire our first house hack next year!
Hey BP family I need some guidance. Next year my fiancé and I are looking to acquire our first tri-plex or quad-plex to house hack. She works a w-2 job (Old National Bank) and I'm a 1099 contractor (RE Agent).
I've o...
Brandon Morgan
fixer upper 203k
HI all, I am a first time investor looking to buy a Multi family. What are your opinions on the FHA 203k?My real estate agent recommended it to me since we have been looking at fixer uppers and the regular FHA may not...
Christi Lane
FHA Funding in Los Angeles Area on a 4-Unit Building
Hello! I am looking into House Hacking in the local area where I live (Los Angeles/Orange County). I spoke with a lender about the possibilities of doing an FHA loan on a 4-unit building. He said that in order to qual...
Orlando Goodon
HELP, I can't find financing for 4 unit 5% down. FHA SS fail
I found an AMAZING house with amazing views and 4 units, but the rents in the area are too low. On the bad side of town, similar units go for up to $1700. The house is in the best part of the area. Great quiet tree li...