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Results (8956)
Robert Farris 6 month reserves needed for refinance?
3 October 2015 | 3 replies

A couple credit unions I checked out require 6 months reserve payments on a investment mortgage.Will they require the same on a refinance?I hope that's not a silly questions!!

C Martinez 4 mortgage loans per person
11 March 2009 | 9 replies

I was told today you can only have 4 mortgage loans in a person's name? Is this correct? Income and credit meet conv guidelines.

Richard Pennington Seeking more extensive advice on securing my first investment property
12 July 2024 | 6 replies

My name is Richard Pennington I am in the Raleigh North Carolina area seeking any advice on using an FHA loan or conventional  loan for my first investment property. My best rule of thumb is to have 20k for every 100,...

Drew Vukov Anyone ever use a TSP loan to purchase a rental?
28 August 2019 | 34 replies

TSP is the Feds 401K. I have been considering taking a loan out to purchase a rental property free and clear. The problem is loan repayment term is 5 years, which pretty much kills any cash flow. The interest rate is ...

Robert J Koch III Heloc for a Down payment?
21 April 2019 | 7 replies

Hello all!  I am looking to purchase my first rental property. I am currently in the looking a deal stage and have found a few perspective properties that I think will work. My question is this. I am looking to use my...

Darek Drake First Investment! Converted private residence to my first rental :-)
18 January 2023 | 4 replies

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $187,000

Cash invested: $14,000

Sale price: $187,000

3/2 SFH. Acted as primary residence until 10/1/2022. Curre...

Renee Lee Reserves for job lay off & rentals....
22 March 2020 | 5 replies

I have three rentals with a mortgage payments, plus my own primary residence. I have another property free and clear. I have four months worth of reserves for mortgages. BUT I fully expect to be lay off from my job. T...

Michael L. Potential Scenario Question
2 January 2023 | 5 replies

Hello!I have a question when it comes to finance and primary residence. Can I keep my current mortgage obligation (FHA, 30 yr) for my primary residence IF I decide to move to a new house and rent my primary out? Keep ...

Davin Jones HELOC or REFINANCE
19 June 2023 | 1 reply

Which choice is more beneficial? HELOC or Primary Residence Refinance and why?

Manny Oviedo New Investor - How do I expand out quickly?
10 May 2023 | 9 replies

Hello All,
I'm new to BP, and I look forward to meeting many of you! I could use some help to figure out my next steps in this journey to be as successful as you all.

My journey started last year, April 2021 when ...