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Results (631)
Ricardo T. Owner occupy Conventional loan, while having a VA loan
23 September 2020 | 19 replies

Hi everyone! I recently bought a multi family with a VA Loan where I am occupying one of the units. I am looking to buy another multifamily within the next couple months using an owner occupied conventional loan where...

John Truong Limit of 2 conventional loan applications per year
2 May 2014 | 11 replies

Hello all BP members,

I am about to close on a second rental SFH, financed with a conv. loan. The first loan was also conventional; both loans are within 4 months.

My loan officer told me that I have to...

Brian Kang Am I being a jerk or is the lender slow?
25 November 2016 | 13 replies

Hey all! So my wife and I and my sister are buying an investment SFR in Colorado. The lender is dragging their feet with the pre approval so I think. We sent in online applications and took a week to give us list of d...

Matt Charette Can I have some feedback on this deal?
16 February 2019 | 13 replies

Hey BP!!! It’s official I have my first accepted offer (phew). I was hoping to get community feedback on the numbers. I’ve got some feedback from my biggest critic, my dad, and he’s advising against it and pretty much...

Josh Wickboldt Primary residence loan rule for occupancy?
10 May 2022 | 6 replies

I am working with a lender and trying to pull some cash out of my primary home, which is a triplex that I house hack. I am deciding between cash out refinance and a HELOC. One lender tells my for their cash out refi...

Corey Demuth How does Depreciation Work?
4 August 2009 | 6 replies

can someone explain how depreciation works in a nutshell, and how it helps your taxes?

Dana Powell Recommendation of lenders who use leases vs market rent for DSCR
20 March 2024 | 15 replies

At 4% interest, I bought investment properties which easily met a DSCR of 1 or greater, even when using the market rental value which was always less than the actual rent I receive from my tenants' federal housing ch...

Tony Pellettieri HML/DSCR for BRRRR Scaling
29 January 2024 | 3 replies

We are currently in the process of preparing to close on our 3rd Investment Property. Originally we planned to Fix/Flip/Sell houses in our farm area using all of our own cash. We are now looking into HMLs for Acquisit...

Reginald Silva capital reserve requirements for underwriting
4 October 2022 | 12 replies

Does anyone know how much money an underwriter looks for in reserves when underwriting a loan? I am closing on a $650,000 home in 25 days. My all-in cost is $19,500 which I have currently and I am considering taking a...

Mike Hoherchak Lenders who specialize with VA loans
8 July 2024 | 11 replies

I'm looking at purchasing a small multifamily (2plex, 3plex or 4plex) as an owner occupied using a VA loan. I know every lender is different but I was curious to know what are the requirements in order to qualify. I u...