Chris Willson
Question on future rental income on mortgage application
Hi Everyone,I am thinking of purchasing my first home and have a question about mortgage applications. I have excellent credit (>800), however no history of a mortgage. I had a loan out on a car that was paid off i...
Tommy C.
FHA 3.5% Down Requirements
Hi all,Does anyone know if you are allowed to finance the construction of a 4 Plex using an FHA loan and then use your own funds to build out the basement into an additional unit or two?? This would mean that the FHA ...
Sean Golin
When does it make sense to pre-pay mortgage?
I currently own an investment property and have been considering pre-paying the mortgage down to increase equity but not sure if this is the right approach. My mind tends to focus on the increased monthly cash flow f...
Mark Tomseth jr
Dividing lot with a mortgage
Hoping to get some additional direction and ideas...We purchased a house in Bend, Oregon on a large Lot, just under 3/4 acre, in the city. I have a mortgage on the property and looking to divide the lot with hopes to ...
Erik Gladish
How can this Deal Make Sense
Hello Smart Money!I have a seller who has an off market property and she would consider owner finance and a creative strategy. She bought thr property 3/9/22 for $999,000Has a $590,000 MortgageThe property has a sepe...
Justin Nwakacha
Should I pay off my primary residence mortgage or purchase a new rental property
Hi All,
I own a primary residence in Katy, Texas, still have about $325,000 to pay off. Interest is 2.85% (bought during COVID). I do own a rental property in Texas, interest rate is 4.8%, and it has a lower mortgage...
Buddy Holmes
Funding Rehab Flippers and making a fair return with lower risk
An Hard Money organization in Charleston has been offering funding for 1st mortgage security to Flippers with good plans for several years now. Another group of RE investors thought that if they teamed with the form...
Carol DiCesare
Home insurance policy under an LLC
Hello everyone,
We bought our first investment property about 1 1/2 yr ago. Paid cash for it and rehabbed it. We cash our refinanced it under both my husband's and my name. We quit claimed it to an LLC now that ...
James Tiu
VA 100% cashout refinance
Hello Bigger Pockets community. My Father is looking for a mortgage company that allows for a 100% cash out refinance VA loan. If anyone has mortgage company recommendations, I would love to hear it.
A little backgr...
Josh Merrell
Rental Acquisition OofO - Pay in full or take mult mortgage?
^ that's order of operations in case no one knew what I was going for ^I'm looking for some advice from those of you who have multiple rental properties. Thanks in advance~We bought our first rental condo in full last...