Craig S.
Helpful Information On FHA Financing -- Q&A.
Hello All,
I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...
Drew Poniewaz
FHA Mortgage
I have an FHA loan on my private residence. I would like to buy a new private residence and rent out my first house as a rental property. Is there anyway around the FHA loan and renting my original home? Can the FHA l...
John Shoup
Portfolio loan preventing Fannie Mae loan
Do we have any underwriters that can help? I have zero mortgages in my personal name, but I have a portfolio loan under my sole owned LLC, in which I'm NOT a personal guarantor. Because I have "ownership interest" ...
Harry Williams
Can someone explain what 'points' are in a private money lend?
If I private lend at a 12% interest rate and 4pts up front, what do the 4pts equate to?Acquisition and refurb would be around $380-$400k total.Note: this is hypothetical.
Kathy Utiss
Hotel to Condotel Conversion
Curious if anyone would be interested in doing this.
Hotel To Condotel
Loan
Property Status Rehab Mode Approx 50% Of Units Completed
Current Purchase Price $7 million
$7 million/130=$53,846 per unit...
Steven Nguyen
Becoming a RE Agent..
Hello, I’m looking into changing my career path and becoming a RE agent. Does anyone have any advice on how to approach this and what steps I need to take to become an agent?
Jake Tansanco
Buying Points, Insurance, and Tax Deductibles
Hi, Everyone!I'm a new real estate investor. I'm in the process of buying my first rental property and I have a few questions about buying points and etc.Property value is $200k and I'm putting 20% down. Location is i...
Candice Menard
Loan option question
Situation-I am using a non-recourse loan along with my solo 401(k) funds to purchase a rental home
Borrowing-130,000.00
Loan term options
Fixed rate20 year loan 6.5%
Variable rate 25 year loan
10/1...
Ryan Lowe
Installment Sale Taxes
Question for the group. I am looking to purchase a portfolio of rural vacant land plots from a real estate investor. These properties were sold on installment terms (typically 48-60 months) and he has collected partia...
Mark S.
PMI: Knock It Out or Keep Investing?
Read an interesting article recently about viewing paying PMI and viewing it as an interest expense on a diminishing principal amount (as you make monthly mortgage payments and pay down principal and your PMI s...