James Walsh
Should I put more down?
Hey all, I have about 100K to invest and want to start with a multi family house hack. My question is, should I use an FHA loan and put the least possible down or should I bite the bullets and put 20% for a convention...
Nathan Yee
Refinancing an FHA loan: MIP removed + Cash-out Benefit?
Hello BP Community, I'm considering the loan type I want to use for the purchase of my first property. The FHA 203K looks to be the front runner. With a future buy and hold exit strategy in mind, can you cash-out refi...
Drew Lamb
FHA vs 5% Conventional
Hey community, I approached a bank today about an FHA loan on a potential property and after talking for a bit he told me they could do a 5% conventional if I was interested. I just wanted to see what you guys thought?
Evan Haag
When Do FHA loans make sense for people with great credit
Hi all!
I am a new member currently in the Redondo Beach, CA area but will possibly be relocating to Cincinnati, OH or Northern Kentucky.
As part of my relocation, I am interested in purchasing a multi-unit proper...
Cole A.
Anyone doing FHA Streamline Refinance?
With record low interest rates and the new FHA mandate by Obama to lower mortgage insurance premiums, does anyone plan do a streamline refinance? I'm looking in to it and waiting to hear how it will affect monthly mor...
Denny Le
FHA Multi Family Purchase Questions
Hello BP,
I am hoping to purchase a multi family property (4-plex), with the information:
Price: $255,000.00
Down Payment: 10% or $25,000.00 with FHA
Loan Period: 30 years
Loan Rate: 3...
Sylvia B.
FHA vs. Conventional
Is FHA loan the best and why? What about Conventional? I was told that FHA loan wasn't a good idea for a owner/resident property.
Mike B.
Advice on refinancing vs. saving so I can buy my 2nd property
Hi all,I've been reading through the various posts about refinancing and can't seem to find the best answer, so I need some advice. I'm living in my first home (investment property) which is a 2 unit property, purchas...
Mike Aschettino
Potential Buy and Hold Deal, Am I missing something?
Hello BP!I could use a little advice on a deal I'm getting intoThis will be my second buy and hold investment. The first one I purchased was before I found Bigger Pockets, I did minimal analysis but luckily it still c...
Chris Montes
What do I need to know before refinancing?
Anyone taking advantage of these rates and refinancing? My current rate on my FA is 3.75% but im paying $223.51 MIP.My lender's current rate on conventional loans is 3.25%. If I refinanced my rate would go down 50 bas...