Jesse Lynch
Bridge Loan for Rochester, MN Duplex?
Hi BP!I currently have a duplex under contract in Rochester, MN to be purchased with FHA financing. Agreed purchase price $183k with seller paying closing costs, but the seller is being deported in two weeks, and acc...
Kyle A.
Cash purchase - then Finance
Quick question that I can't seem to find a lot of information on: What are the best options for financing a house that you paid cash for?It's a hot market right now and to make my offer more attractive I'm considering...
Wendell Carmona
Physician Loan vs. FHA loan for duplex/triplex
Good Evening everyone!
I have finally finished my residency and will be starting my first job in Buffalo, NY this upcoming August. I am interested in purchasing my first home now that I am no longer a student/residen...
Jake Thompson
How to Finance 2nd Property
Hello my fellow investors, I eventually acquired my first property, a duplex, and am look to purchase another 2-4 unit property soon. Right now I'm trying to figure out the best potion for financing it. So far my thou...
Tyler George
FHA Not Allowed On A Multifamily In NJ??
Hello BP community!I applied to get pre-approved by Better Mortgage for a multifamily property (2 - 4 units) in New Jersey (Im looking to specifically get a duplex).However the loan went through as conventional. I ema...
Omar Hassan
Does 5% Conventional loan disqualify me from FHA 3.5%
In February I purchased a property using 5% conventional lending, once my one year of owner occupancy is over will I be able to qualify for an FHA loan since I've never used one previously? Any information helps, Thanks!
Marcus Martinez
Buying a duplex to live in/rent out at the same time
Hello everyone, I am looking to purchase a duplex and owner occupying 1/2 and renting out the other 1/2. I'm not really sure what type of funding I can get to purchase the property that best fits this type of investme...
Kyle Spinale
FHA Loan
Does anybody have experience taking out an FHA loan? If so, could you please describe the process of getting it (i.e. requirements/screening process). Also, how has it treated you? By that I mean, would you prefer thi...
Dean Weltman
My Wrap Hit a Snag, Looking for Other Ideas
Guys and Gals,My first wrap hit a problem - HUD apparently doesn't allow wraps of FHA mortgages. I have a buyer ready and willing, but he insists on only doing an owner financed transaction.Here's the skinny: I have a...
Ivan Vargas
Contract assignment to FHA buyer?
Has anyone ever assigned a contract to an FHA retail buyer? Does FHA allow it and will they be able to close on the property or will the escrow be lost since its a cash offer?Although there is a $5k markup on the purc...