Ben Hunt
How strict is the FHA Self Sufficiency test?
I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...
Kumar Paj
SDIRA vs Solo401k - IRS have any issue with Checkbook control?
I've been looking into SDIRA vs. Solo 401k options for a while and read many posts related to that. Based on my reading and understanding, it seems that that Solo401K is a much better option than SDIRA-LLC and one can...
Ann Bellamy
Should I advertise a 4 BR rental townhouse as a 3 BR unit or a 4 BR unit?
I'm looking for feedback and opinions:I have just acquired 2 units that are configured as 3-story townhouses 1500 SF each, in a side by side setup with full basements and private fenced yards and private driveways. I...
William Farnsworth
Negotiating Additional Reduction Short Sale Reverse Mortgage
My grandfather passed at the end of August with a reverse mortgage in excess of $850k on his home that was recently appraised at $585k. HUD has informed us that they'll accept a short sale for 95% ($557k). I had the t...
Paul Wolfson
House hacking in Los Angeles with a family
My family and I are looking to purchase a SFR in the LA area, preferable in Valencia or Thousand Oaks. We are looking for 3 or 4 bd houses in the 600-650k price range. We have enough for 20% down, but perhaps there ar...
Dwayne Buckner
Mother of Bad Deals
I need a little help for the forum. Have a relative in Shasta California who has little or no experience in REI and wants to hit it big now that the market has fallen off. I'm seeing the numbers he's looking at and ...
David Grado
Changing lenders 2 weeks before closing?
I decided to go with my agent's "recommended" lender and didn't think anything of it as the numbers seemed within reason. I get an email about 1 week ago (3 weeks from closing) from a large bank asking if I needed a q...
Dillon O.
DTI Issue: House Hacked Rentals to Purchase SF Primary
Looking for advice on how to navigate this unexpected scenario.My wife and I own 2 duplexs we acquired with owner occupied financing and house hacked/fixed up. Both are in our personal name. Living in the 4th unit rig...
Aksel A.
Investing in Boston during a sellers' market
Done deal! I am sharing my experience here with the rest of the community. After over a year of tenacious searches, analyses, and offers, yesterday August 1st 2017 turned out to be the closing day on my 1st owner occu...
Bode Adeyi
Is this really a BRRRR???
Can you refinance out of an initial funding via long term loan into another long term loan and still benefit from BRRRR strategy? I.e Obtain an FHA loan and refinance out after 18 or 24 months? (Intent, will be to get...