Jack B.
Cash out refinance or not?
Background:
-Male in late thirties.
-Own several rental properties in the Seattle area.
-Interest rate on currently primary residence/house is 3.25%, no PMI/MIP.
-Tax bracket is 32%.
-Mortgage payment is $974 a...
Sean Lynch
Multi Family Purchase FHA Loan - good deal?
Hi,
These are my numbers, I'm new so I want to get opinions from others who are more experienced:
Duplex / FHA 3.5% down (12,775)
Purchase Price: $365,000
Gross monthly rent: $2700
Total Monthly Payment: $2400
50% ...
Luis Rodriguez
Buying a 2 family in NYC with a low down payment
So my wife & I were looking to move to Long Island because we thought anything in NYC where we wanted to live was too expensive for us. We ended up finding a 2 family property where the numbers work. We have great...
Billy Amberg
The 203K Loan - Open Discussion
BiggerPockets Community,This is directed at those of you who are interested in the 203K loan. Done one or more 203K loans? Great! Share a success or horror story!Never done one? Also great! Hopefully my post can get...
Sarah Kartsher
First Deal - House Hack property
Going to be honest here - I am not sure this is a great deal... Maybe a good deal, maybe an acceptable deal but not a great deal as it stands.If I decide to buy this - it will be my first investment property, my first...
Jackson Tate
Pay down to 80% LTV or pay off 'bad debt'?
Hey BP,I'm currently in the process of selling my primary residence and purchasing a new home closer into town. As of now, I'm using the proceeds from selling my home to put down 10% on the new home.Additionally, I ha...
Stephen Wiater
PMI (Private Mortgage Insurance) Tricks & Tips
Hello All,I am trying to get approved for a FHA loan and I understand that there is PMI insurance in most cases. My questions is: Is there a way to not pay the PMI payment at all or a very low PMI payment?any tricks a...
Daniel T
Is this duplex is a good deal or not.
Hey everybody. I am new to the community and REI. There is a wealth of information here and some very knowledgable people, so I am looking for some advice on a potential deal.
I will be financing it with an FHA loan...
Krystof Pilisiewicz
FHA over Conventional loan
Hi, You probably heard this question many times, but I`m puzzled what should I do. I am working on a loan for a 2-family house in Queens, New York that I`m planning to purchase. After speaking with my mortgage broker,...
Matt Jesse
My first deal...anything I'm forgetting?
1st time poster. Long time lurker.
4 unit property - 3 are tenant occupied, I will live in the 4th
$370k purchase price
$3200 monthly income
$19k in seller assisted closing costs
$11k - 3% buyers agent fee toward cl...