Craig Moore
How to avoid PMI? Is this possible? (FHA Buyer)
Hi All,I was wondering if any of you had any advice on how I could avoid, if at all, private mortgage insurance. I have heard that this is a significant chunk of your monthly cash flow and if I can avoid it or shrink ...
Ray Martinez
LLC or Personal Loan - Shirt Term Rental
Hello everyone,
I would to start a short term rental business and I've started to look at properties.
How difficult will it be to fund the loan for the property when buying as a LLC?
As of now, I've put away about ...
Daniel Ordonez
Insurance policy on loan?
Ok I have a private lender willing to fund me/ offer a line of credit but I have a question because I’ve never ran into them asking for their loan to be insured. So they had me fill out an application on a website for...
Michael Morrongiello
What Happens when a REVERSE Mortgage is MAXED OUT to the owners occupancy?
What Happens when a REVERSE Mortgage is MAXED OUT to the owners occupancy?Situation: Years ago the owner of a property worth $1M and an elderly property owner placed a REVERSE MORTGAGE on their property which when fun...
Austin Spitzenberger
STR Insurance Set Up
I just acquired my first STR and am working on getting the proper insurance in place. I used a secondary home loan so the property is in my name and not an LLC. I am wondering what kind of coverage I need and how to s...
Mila Makhanova
Only 5% down and no PMI, too good too be true?
Hi BP community, Looking to purchase my first property and slightly short on making 20% downpayment. Working with Quicken Loans and they are offering a loan with a slightly higher interest rate (about 0.5%) but only 5...
Belynda Wesley
Reverse Mortgage, Paying Arrears and Trying to Save My Dads House. Advice Please
Hey Everybody,
I can't believe I am doing this, I have been listening to the Bigger Pockets podcast for a while and really need some advice.
My 88-year-old father took out a reverse mortgage back in 2008 (why did ...
Ariam K.
FHA
I have a question. So I currently have an FHA loan for a four unit in Milwaukee, WI. I am looking to do another FHA for a duplex does anyone know if that's possible? How many FHA loans are approved?
Darway Dalmeida
Why LLC vs Personal Name?
A Topic, I would like seeing discuss, is why an individual with more than 5 properties is force to finance in LLC vs Personal name? Its a scam they do not care about the property value and only care about their borrow...
Samantha M.
Difference between Insured / Insured With Escrow
There are two categories of insured HUD homes.
1) Insured
2) Insured with Escrow
Both of which qualify for FHA financing once the repairs have been made correct? Whats the difference exactly between "insured" and "i...