How would I get a loan for a new primary residence without income verification? I’m thinking of buying a duplex and living in 1 unit, renting out the other though I’ve quit my job and currently living off of my rental...
From my research, owning a condo as a primary is more restrictive than owning a SFH because lenders view condos are higher risk. Is that true? So if one wants to buy investment properties, is it harder to get approv...
Hi there, I'm at the point where I need to buy a primary home and I also want to pursue a rental home as well. Which one should pursue first....
Seems this is the trend in more expensive cities like Seattle and in Vancouver. Doesnt this go against the grain of investing in income properties? What happens when the economy turns sour and the vacancy rates drops ...
Good morning all, I'll get right to it. My wife and I are looking to purchase our first rental property. We currently own a wholesale distribution business and I was talking with my commercial banker about financing o...
Hello to the BP community! In the past year I’ve read a number of BP books and have learned a lot from the forums. I just took the plunge on the Pro membership and have been analyzing deals with the various calculator...
Hi All, I'm currently building new SFR's using a HELOC on primary with the intent of either obtaining a DSCR or traditional mortgage cash out re-fi to repeat the process (build, rent, cash out, pay off HELOC, repeat)....
Do you think that it is better or worse, then the traditional way of going and applying at the bank?
I know traditionally there are only FHA purchases that can be made if for a primary residence/owner occupied. Are there any workarounds on assuming FHA loan and using as rental, or do the same restrictions apply? Lo...
Hey there! I’m in NC. My first question, is there a credit union or bank that will payoff my mortgage using a heloc? Context: I do not have a HELOC now, but I’m interested in having a 1st lien position HELOC instead o...