Blake Hunt
Two parcel property with 203k
I am looking for my first deal using 203k and I came across a listing that has 2 parcels with two seperate units. They are next to one another and include a single family home on one parcel and a garage apartment next...
Nathanael Sandstrom
How to put 100% HML into BRRRR calculator (purchase AND rehab)
Caveat, I'm very new to this, so please forgive me if this question is confusing. I am working the BRRRR calculator and am talking to hard money lender about a loan for the full purchase AND rehab costs. But the repor...
Michael Greer
Buying 2 small rentals. Financing options?
Hello,
A seller has 2 small cash flowing properties for sale.
One is $80k, the other $30k.
Will a lender even lend on a small $30k investment property?
Will a lender combine these for a portfolio loan?
I would as...
Chrissy Disch
Borrowing Under ~$20-30k
In a hunt for investment property, I have come across some solid options for rental cash flow- but with low purchase/sale value. I would prefer to be leveraged in all rental properties rather than all cash purchases ...
Cenddie Alaban
Conventional loan plus 203K FHA = FHA loan?
Hello Everyone,
I bought a house to live in last September of 2018. I bought it with conventional loan with 3.5 % downpayment. It needs a rehab of about 30K. I plan to take an 203K FHA loan for the rehab. My questio...
Thomas Hodge
Private Portfolio Loans for Rentals
I've seen portfolio type loans that wrap up several properties into one loan. These loans are typically longer-term commercial loans with a banking institution.Are there any private lenders that do the same thing?I ha...
Cam Jimmy
Borrowing from your 401k question!
I've been aware of the strategy of using your 401k to borrow money from to buy real estate for some time now. You can borrow up to $50k and pay interest to yourself... got it...awesome. However, in my area the houses ...
Jacob Henderson
Brainstorming ways to finance second investment property
I am looking to buy my second duplex and am searching for ideas on how to make the financing work. First of all, I am currently house hacking my first duplex and living for free. I bought this about 8 months ago using...
George P.
Lending private money to HM Lender in small chunks
Anybody ever lent a small chunk of money (~10k) to a HML Lender who in return will combine smaller loans and lend as a HM loan in 1st position.
What are the drawbacks? I can imagine that there is little to no protecti...
Ben Duq
Fannie Eliminates 80/10/10?
My mortgage officer told me the other day that I would no longer be able to do a 80/10/10 loan as the max loan that Fannie would allow is 80% including a HELOC. So now in order to complete my transaction I have to com...