Hi Folks...advice please. I've advertised to rent out half of a duplex and someone viewed it who was very interested and indicated they were eligible for subsidized housing for veterans under this program: http://hope...
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I found a 3-plex that I would like to house hack. The plan is to use an owner occupied 5% down conventional loan. The seller is willing to carry a note for the 5% and accept monthly payments until it’s paid off. This ...
I have a rehab for sale that has been sitting or a few months. It is priced well under it's appraisal value and needs zero work, all new everything. I got a call from a guy, "Bob", a few weeks ago about it. Bob tel...
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Hey BP,
A lender reached out to me with what seems to be an attractive loan program. 1-15 year terms, 6 percent starting rates, even 100 percent funding. Only thing that made me hesitate was he requires a 20 percen...
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Hello! I was wanting to see if anyone has run into this problem and see if there was any feedback or suggestions. My fiancé and I are in the process of purchasing our first investment BRRR property and we are using a ...
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Hi- I have a 3 flat that is not within the ADU zone. With the city contemplating expanding the ADU ability to city wide, is there any benefit to doing a rezoning now (assuming successful) before the citywide expansion...
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I am working on my first deal and I have started working on getting a loan pre-approval. My concern is that I am currently a college student and my employment is based on co-op cycles within the college so I cannot pr...
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Hi All,I have a question to anyone who works with banks and handles applications for loans. How much does support documentation assist with getting an approval. What I mean by support documentation is profile of buyer...
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Hey Bigger Pockets community, I wanted to ask any fellow mortgage lenders if its possible for me to get pre approved if I've only started doing my taxes last year. My Girlfriend is pregnant and we are in dire need for...
I am about to put an offer in for a duplex in Austin and my lender informed me that I would have to have a rental lease agreement showing the arrangement is in place for at least $1700 rent for my tenant (because I am...