Alim Manji
Canada - conventional funding - beyond income ratios
Hey all, new member here.Doing BRRRR in Ontario, have four small multi-family (2 duplex and 2 triplex) so far.It looks like I'm going to run into an issue with getting bank mortgages soon. They are complaining that I ...
Martha Lowry
5% Conventional Loan and FHA Loan
My husband and I bought a duplex a little over a year ago with an FHA loan and a 3.5% down payment. We are itching to buy another multifamily property as soon as possible. I am starting to think about refinancing our ...
Ari Newman
creative cashout? Alternatives to conventional lending
Hello,I'm on the tail end of a SFR rehab and getting ready to cash out. The house was purchased with Cash using HELOC funds from our primary residence. (teaser rate of 3.75% through november) I'm 1 month away from th...
Ali Ahmed
Conventional loan on a 6-plex?
Hi All,
I am looking to get a six plex and I am qualified only up until a 4 plex loan. The loan officer says anything above a 4 plex would need to be a commercial loan but I do not want to go that route as they come ...
Jerry Pollio
Financing Strategy HELOC or Conventional Loan
I have been approved for a HELOC, original thoughts were to use for the down payment/closing costs on investment properties. My concern is by using the HELOC as mentioned then applying for add'l conventional loans as ...
Prashant Sharma
Looking for conventional refinance in Florida
Hello BP members,Any recommendations for a bank/broker who can refinance a property I own in Orlando? Looking for someone that can do a very low cost refinance.Thanks and have a great day!
Ahmed Mirza
Conventional mortgage with a partner dilemma
Hello,I have a dilemma with obtaining a conventional mortgage with my partner. My partner and I are looking to start investing in non-owner occupied SFHs and have decided to go 50/50. We were initially planning to obt...
Ryan Clevenger
Conventional Loan: Should I be honest?
I've started the process of talking to brokers about getting a conventional loan(preferably FHA) to do my first flip and I'm straight up with them by telling them I attend to flip the house as soon as possible. A cou...
Brittani Virgilio
Conventional Vs. Portfolio loans for rentals
Hi everyone!
I’m not as familiar with portfolio loans and would love everyone’s insight or knowledge. When financing a multi family rental (not to occupy) what are the advantages and disadvantages when using a conve...
Joe Bostick
HELOC to Get a Conventional Loan
Hello! I'm looking to buy a SFH in NY within the next couple months. I plan to live in the house for 2 years before eventually renting it out. I can easily set aside 10k to use towards a down payment. Houses that I'm ...