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In CA, purchase a 4plex with a non owner occupied mortgage, 25-35% down. 12+ months later is it possible to move into one of the units and no cost refi into a conventional owner occupied mortgage? No cash out.Thanks
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I have an opportunity to purchase an 8-unit in a solid area of buffalo NY. I currently own 3 duplexes and want to make the jump to multi. Long story short, the bank loves this apartment, giving me a 10 year loan, 20 y...
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Hi BP,I have a local bank that has historically offered me a cash out ReFi with the following terms:5.75%25 am10/1 arm75% LTV2 PointsNo seasoning on titleThe bank has recently been acquired by another bank and is no l...
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Investment Info:
Single-family residence buy & hold investment in Aurora.
Purchase price: $42,500
Cash invested: $42,500
Purchased as a foreclosure, using cash from a BELOC, and closed in 45 days...
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40 units. Central California. Mostly town house 3 bed 1-1/2 bath units. Would like some advice based on my particulars in terms of income and financials on how to approach re-financing process. Units are built in...
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I am considering placing an all cash offer on a 6 unit apartment building. The intention is that the all cash offer would be more attractive to the seller. If I close the cash purchase can I obtain delayed financing o...
I recently purchased a home. I would like to use my old home as a rental property, which has a significant amount of equity. My apologies if these questions are elementary questions. I am new at this. Located in N...
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Hello BiggerPockets Community.
-- I need advice. Here we go.--
---QUESTION--
How do I secure financing on 350k loan? What techniques could I offer to solve this problem?
I have 25k cash. DTI of around 20%. Unde...
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Hi Bigger Pockets Community,I currently own a single family home in CT where I live with my fiance. We have been wanting to get into investing for a while and finally settled on BRRRR to build passive income.I cannot ...
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Hello Biggepocketers, This is my first post and I am finally getting my feet wet. I am considering an owner-occupied Duplex and I got these two mortgage quotes:FHA: 5% down - 3.375% - fee: $400 - Mont...