Austin Remus
Refinancing To Get Out of FHA
Hey BP Im looking into getting a house by the end of this year preferably a multi family. Im looking into using one of the FHA loans to buy my first property and house hack it for the first year. I know in order to re...
Samuel Cervantez
1st Investment Property With A Home Equity Loan?
Hello all, I am new on here and am wanting to get into investment properties. One question I have is how many of yall made your 1st investment purchase using a Home Equity Loan? What were the upsides and downsides?
Gerardo Vasquez
househacking w/ adu.
current harris county resident. if you purchase a duplex with an fha loan or conventional loan and you place a tiny house as an adu on property and rent out the duplex. Would that be considered still your primary resi...
Jon Marois
Raising Capital for a Commercial Purchase Help
I am going to sit down with a potential investor (relative) about lending me some money to assist with a down payment on a great property I have in the pipeline.Looking for tips to help the conversation go smooth ?Sho...
Lawrence S.
HELOC on primary residence vs Mortgage to purchase rental
My questions is as above.
I have a HELOC on a primary residence at prime.
I am also approved for a 30 year fixed conventional mortgage at 2.89%.
The HELOC and loan are the same amount.
I am getting mixed messages...
Ladd Krestan
Attaining mortgage for LLC
Ok im going to try to make this simple. If i have an LLC with partners, when we try to get a mortgage for say a duplex will the lender look at all of our incomes? If one of them is not employed at the moment would tha...
Robert Hastings
rental properties messing with my DTI
i purchased my primary home with my wife about 5 years ago. since i purchased my primary, i have also purchased close to 5 pieces of rental properties. three are in my name personally and my llc owns 2 of them. my ...
Mike Girard
Cash buy --> Rent out --> Refinance?
In another thread I asked about workarounds to being unable to get a mortgage. One person suggested that I could refinance after buying a place with cash and renting it out, the idea being that having occupants paying...
Aidan Birmingham
How to structure monthly payments before a balloon payment
I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
Anurag D.
Fannie Mae Lender letter (03/10) for second properties - Query.
Reference: https://singlefamily.fanniemae.com/media/25286/display
Hello,
Regarding recent Fannie Mae directives, I am seeking to understand impact that an investor could observe ( on loan-amount, down-payment, DTI e...