Good evening BP, I have a few questions and I might need some suggestions. I found a vacant multi-family property from $250K. I had submitted a offer on the property with 5% down FHA. But shortly after the LA told me ...
What are the restrictions when it comes to an owner occupied conventional loan with 5% down. Can you rent out the home after living a year? (STR or LTR)
Hi all,Newbie here. My husband and I have been educating ourselves about REI and are looking at houses in North Texas. We recently applied for a mortgage at a local bank and was turned down before they even looked at ...
How will a seller financed mortgage you had on a property affect getting approved for a conventional mortgage loan (on another property) from a bank? I'm assuming you would have to report it on the application wou...
Hello, we are looking to purchase a turnkey condo to rent out in the Westminster/Thornton area. We are ok with updating appliances and maybe some other minor work. I feel like this is a good place for us to start. My ...
Hello everyone!My name is Joshua and I've been a BiggerPockets member for a couple of months now. I am semi new to real estate investing. I currently own a house that was my primary residence but have been renting it ...
Which are the requirements to qualify for a conventional loan in Puerto Rico?i am looking to purchase a multifamily unit.1 year of employment, 25% down payment? Score?
Hello -
I was wondering what the chances are of a bank or other lending institution letting me borrow with a co-signer. I am 24 with a 750 credit rating, but I really don't have any assets to speak of other than a c...
Has any veteran or spouse ever refi into a conventional loan from VA loan? Reasons leveraging the VA befits with no max limit to build or buy multi-family 1-4 units?Thanks
Hello all. I am a relatively new/inexperienced investor and I would love some feedback on a situation I am running into.We currently own a rental property in Austin, TX that has appreciated considerably since we had i...