John OReilly
Land Contract and Conventional Financing
Hey guys,First time post here and I just want to say I’m excited to be here. I recently acquired 3 properties via land contract. My question is: how, or if, this will affect me getting a bank loan going forward? Thanks!
Michael Crohn
CONVENTIONAL LOAN or HARD MONEY??
Is there a happy medium between a conventional loan and a hard money loan? I'm in a pickle because I have enough cash to buy about 50% of the property I want but I can't qualify for a conventional loan. I have great c...
JC Smith
rates for conventional mortgage MFH
Hello! I'm looking at purchasing my first MFH soon (duplex or triplex) via a conventional loan. I got a quote from a local Minneapolis lender which was 25% down and 5.625% interest rate, no points. Should I keep sh...
Dozar Real
5% conventional or Fha 3.5%
Hi , everyone how many 5% conventional loan or fha loan can I have at a time for multi units property on "primary residence " and how can i use this strategy to scale ,i.e buying property every year to aq...
Zach Zabel
FHA vs Conventional or both?
Hey everyone! Day2. Post 2. I need some more advice. So far everyone has been super helpful. I found out today that I will be able to draw from my employee stock program in about 90-180 days. Funds should be between ...
Cody Cavenaugh
3.5% FHA vs Conventional 5%
What are the pros and cons of the FHA 3.5% loan versus the conventional 5% loan? I have good credit, and ideally want the lowest payment per month possible. Planning on doing a 30 year
JJ O.
conventional investment financing without utilities?
Hi BP peeps! I'm wondering if it possible to get conventional investment financing on a foreclosure without activated utilities? Or do you basically need to front your own cash (or use a transitional financing)? Th...
Tim Hershberger
Looking for Options - Conventional Loans
Looking for potential financing options to purchase our next property. Bought our home last May 2021 (VA loan) and will probably turn it into a rental this summer. Was told at that time I would not be able to get a...
Mick Misra
Conventional v Hard Money Loan
I'm planning my first fix & flip and have a question on whether I should use conventional or hard money lending. I hope all the BP'ers can give me a little advice on my first fix and flip!
Basically, I'm in the p...
Thomas Nance
Conventional Mortgage option in NC
I have been doing the Brrr strategy for over a year and have about 12 units. All are under my LLC's name and are currently a interest only loan. It helps with Cash Flow, but I want to start gaining some principle. The...