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