What do you think of this rate? I'm wanted to jump on locking in a lender in case rates go up at the Fed meeting next week....Property info: Duplex, $155k, 25% downRate quote: 30 yr fixed, 5.125% (no points), $1339...
I'm not totally clear on this concept. I'm already in a 15 year mortgage on my townhouse and would like to roll into a house hack. From what I understand, I could not use an FHA loan to go into a duplex since I alread...
Hey everyone,I’ve talked to a few mortgage lenders who are all telling me that it’s basically impossible to do a 5% down conventional loan on a primary residence duplex. They are saying that it is not within the guide...
Hello, I am 23yrs old & currently saving money to purchase my first rental property using an FHA loan. I have a few years to go but I have been doing research for a few months now and want to be fully prepared bef...
I am in the West Palm Beach area. I have been more focused this year with trying to get the first property under my belt. I analyze properties pretty regularly (my focus is on 2-4 unit multifamily). Every listing is q...
Hello! I'm new here. We became accidental landlords when my husband was laid off and we had to move out of state for a new job. Then I had to learn things I never thought I'd have to learn. My husband works all the ti...
Hello Rookie community!This is my first post to the bigger pockets forum, so want to put myself out there as well as ask a question to you all. I am currently a college student with plans to graduate next year, and I ...
As the topic states, will cash flowing properties disappear when interest rates increases?
Once rates go higher than 5%+ the debt service on the loan is going to increase. Not to mention the market will likely be le...
Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark). This has been an ongoing saga. I was aiming for 5% FHA which I was approved for. But there were so many silly issues...