Hussain Harun
Recommendations on Lenders in Wisconsin
Hi All,I am a relatively new investor in Madison, WI. I purchased a 4 unit building last year through conventional financing at 25% down through a local bank (Park Bank). I am looking to buy another (likely owner occu...
Devon Yates
FHA, multi family is seeming impossible
I'm trying to buy my first house hack via FHA and am finding it almost impossible so far. I have a good job and am increasing my savings fairly quickly but am having a hard time either a) finding sellers that accept F...
Spencer Davis
Grace Period for Owner Occupied Financing
Hi All - I'm currently in the market for a quad where I intend to owner occupy. I would like to go for FHA financing but the properties I have seen so far are fully leased. Does anybody know if there is a grace period...
Nima S.
FHA or other loan program for livein/investing in Brooklyn, NY
Good Afternoon All. I am here for some advice on how to go about this situation. I am planning to purchase a two-family with a legal attic in Brooklyn. NY. I was thinking of utilizing an FHA loan to occupy the legal a...
Andrés Ochoa
Do I Qualify for FHA Financing if I Own Rental Properties?
Hello BP members!Straight to the question... can one obtain FHA financing if that person owns a few rental properties? I am asking because I live in Los Angeles, I am planning to start investing in passive income-prod...
Sarah Lorenz
3.5% down on owner occupied 4 unit?
I'm having a hard time finding financing for an owner-occupied four unit (two duplexes on one tax ID). I've contacted a half-dozen lenders who say no or 15-25% down required. I'm looking for 3.5 or 5% down, and being ...
Bobby Trujillo
Buying HUD Homes
Hi everyone, I was just wondering about the HUD process. I see a few properties on the HUD site that look like I should give them a closer look. So really how complicated is the process. Another thing Im wondering is ...
Ray Dorsey
My first Brrrr
Hey Team
Just need to know if I'm doing my first Brrrr right before I pull the trigger on it.
Deal:
Asking price: 55k (bank own)
Offering price: 45k
Rehab budget: 20k
Comps: 75k, 109k, 115k
Recently sold: 115k,...
Terrell Murray
HUD property with escrow
View reportHello BP Im looking at a property that is HUD owned, I have no clue how this would effect the deal. Also it says its $3k in repair escrow, i'm not sure what that means really. Anyone with some experience wi...
Eugene Chin
Seeking Financing for Low Down Payment.
I am starting out and would like to purchase a property with as little down as possible. Currently looking at residential properties up to 4 units. Outside of VA loans (of which I am not a veteran) and first-time ho...