Neal Badru
Hello from Sunny Scottsdale, AZ
Hey guys,So I've been in the mortgage industry for five years and about a year ago a co-worker told me about how he has four multi family properties that cash flow over $500 a month after all mortgages and management ...
Aaron Norris
How will 100% consumer financing change your game in 2015?
On March 2, BBVA announced 100% financing for consumers in low to moderate income areas. They are also willing to help out with up to $4,500. While I haven't seen the program's full details, I'm certain they will have...
Dr. sharon Gold
Free standing Commercial building
Hello all BP's,Being a silent listener for almost a year, I found myself reading and enjoying discussions and blogs alike,. However, struggling with a property-finding challenge for a while, I thought of trying to th...
Josh Smith
new mortgage: how to explain recent refi of departing residence
Hi,
I applied for a refi on 8/1 and it closed on 9/1 as owner occupied 30 year fixed with Bank1. This has been my first house (its SFH) and I have lived continuously in it for 6 years.
I saw another house(also SFH)...
RJ Dixon
Is 3%-5% multi family HH dead ?
Hello BP! I have just read the guidelines for Freddie and Fannie. My question is can you no longer use those loans for a 2-4 unit house hack. Also what other types of loans would be ideal for a owner occupied 2-4 unit...
Chris Connery
Found a bank offering conventional financing to LLC's
Just found a large local bank today that will loan conventional financing to 1-4 units Bought under LLC's. 20% down,fixed rate, 30 year term. I have never found this. Not sure if naming the bank would be in violation ...
Tom Hoyt
Maximum Occupancy of a 1/1 Condo
We are new Landlords and have a 1/1 upstairs Condo and our Lease Agreement states any additional people living there in besides the named Tenants will result in $150 additional rent. We have a few questions for you mo...
Nick Affronti
Curious How People are Finding Their General Contractors
When it comes to fix and flips, or just turnovers between tenants, how are investors in this area finding their licensed general contractors? I'm not looking for just an "Angie's list" contractor. How are people findi...
Nicholas Creahan
Triplex financing options
Hey community. I have a deal I need some clarification on financing options. As it sits, it is a triplex with an oversized garage. Am I able to finance with VA/FHA while fixing up the garage and then at the year mark ...
Jon Huber
What's the problem with 1/1's in mutlifamily properties?
So, I am trolling around for property #4. Being that this will be my fourth mortgage (and final mortgage before the guidelines change), I would like it to be an investment property because the guideline restrictions w...