First time home buyer trying to house hack in San Diego. My lender has mentioned I can’t do FHA for triplex or 4plex and need to put a minimum 15% down. Is this the case? I am looking at FHA for duplexes but a lot rea...
[HI guys,
I have found another great 2 family that is an estate sale. I have a chance to pick up the property at a great price. This is an all brick 2 fam. in the heart of where all my others reside. It's really pict...
I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence. Personally, I think they are wrong. I think they are just an ext...
Hi BP Team,I've been looking to move out of my current house (SFH) and am looking to buy a 4 unit that I intend to live in for the next few years. My plan was to utilize a primary residence conventional loan & put...
How does earnest money deposits works? As I was reading, I saw that when dealing with new buyers many wholesalers had made the buyers pay an earnest money deposit. Is this a recommended practice? Why? How much do I as...
There is so many reasons to get into real estate. I know for me it was to avoid working a 9-5, soul crushing job that will never give me a way to retire. I am curious, what is your reason for getting into real estate.
I've made an indicative bid on a second mortgage that is nonperforming. The first appears to be performing. The combined loan to value is probably about 80% so there is equity here. I've reviewed the borrower's cred...
I have been using LeaseRunner for my rent collection/transfer to my checking account for the last 2 years Without any issues with my tenants or LeaseRunner. It does take awhile to hit my bank. Anyone have anything bet...
since you wanna give the least money you can for earnest money lets say $10 what do they do with that you just hand them ten dollars? It doesnt seem like you would open an escrow for $10. how does that work? thanks
I'm currently looking to get into contact with all lenders for knowledge, insight and advice on how to close on financing propertiesI am fairly new to the business, but I do own a couple properties in the downtown Alb...