Michael Campbell
Minimum Down Payment for Duplex
I'm in the process of buying my first house, which is a duplex. I just had my offer accepted and now I'm trying to work out the financing. I spoke with my mortgage advisor today and he says that with a duplex and a ...
Tarek Emam
BRRRR private money/hard money lending
Hello all, Purchase price: 200,000Rehab: 50,000All in: 250,000ARV: 450,000Here is a hypothetical example of a property, my question is if I need 250K ( 200,000 purchase price) ( 50,000) Rehab and I dont have much capi...
Jaden Ghylin
Loan Limit on 30 yr products
I have a client looking to refi and I could use some help.
I hope there are some loan experts here that can help me out, because most loan brokers are not accustomed to working with RE investors.
I am t...
Greg W.
struggle getting a blanket loan
I have 6 properties on contract with I one year balloon. I'm 3 months in and funded renovations and downpayment with plocs. Now they are all rented and I started looking for a blanket loan. I've been declined at 2 sma...
Nathan Still
FHA loan two partners
I'd like to purchase a multi family with an FHA loan to house hack for my first property. Me and my partner would like to go in on the loan together so that we have a higher purchase ability combining our incomes. The...
Colleen Murphy
Confused about compliance issue regarding cash-out refinance
We are working with a lender to get a cash-out financing loan on an investment property that own. But, we were just denied for the loan with the loan officer saying she was, "unable to get the refinance approved throu...
Javier Sanchez
Options to get an equity loan from a property with no mortgage?
What are options to get an equity loan from a rental property that has no mortgage but is under an LLC?
Eric Jan
Student Loans messing with our DTI
Could I get some advice on priority when it comes to student loan debt vs saving for a cash-flowing property?Our combined student loan debt is hovering around 250k with avg interest of 6%Avg household income is around...
Sadierose Saucier
Student loans into mortgage?
Hello everyone! My fiancé and I currently own 2 multi families under conventional loans (a 3 family owner occupied for 3 years and then moved out to owner occupy a duplex). We each have FHA available and are look...
Kayla Wagenmann
Looking for advice about whether to buy or rent
My partner and I have been considering purchasing a duplex as an investment for our first home. We moved back to Minneapolis last year after living in Los Angeles for 2 years. We have been renting for the past year at...