Jack Macioce
Fannie Mae/Freddie Mac Federal Guidelines - 2% Credit Limitation
I am in the process of closing a deal using a 30-year conventional mortgage. We acquiring the property with tenants. I was told by our lender that there is a 2% cap on credits the seller's can offer. When I say cre...
Anita Ahuja
Investing as a limited partner in a multi unit
I'd would very appreciative of some solid advice on investing as a limited partner in a multi-million dollar multi-unit property. Investment group is trying to raise the capital to but. Investment group members consi...
Jesse Hinaman
Conforming Loan Limits Changed for First Time Since 2006
In case BP members aren't aware, the Federal Housing and Finance Agency (FHFA) increased the conforming loan limit nationally for Jan 1, 2017. First time they have increased limits since 2006. In high cost areas like ...
Clark Kongs
10 conventional loan limit when working with a partner
If i am partnering with someone 50/50 (buy and hold strategy) and we put both of our names on each mortgage does that mean that we are limited to 10 conventionally financed properties combined as opposed to 20 if we w...
Ryan Anderson
Higher Maximum Credit Limit Vs. Lower Margins on HELOCS
Hi Bigger Pockets Community,I've started the application process to open a HELOC on my primary residence with a couple of financial institutions to see what I can qualify for, and I'd love to get a little feedback fro...
Eric Garcia
How do I find BRRRR opportunities with limited time?
Hello BP,
I live about an hour away from Atlanta and I have one property in Orlando which is an STR. I'd like to continue investing in both of those areas but I'm not sure where to start looking and my time is limite...
Kyron Martinez
Qualifying for a FHA loan with limited work experience.
Hey BP, I've finally taken the first step to buying my first rental property and have gotten in touch with a few lenders. I have no debt and a good credit score the issue that's been coming up my lack of work experien...
Alexis Whitaker
Paying Rent Upfront But Limiting Access to Landlord - Legal?
Hi everyone,So I have a bit of a conundrum. Let's ignore for a moment that the potential tenant in question may not be a good tenant. I am specifically seeking advice from a legal position.Situation: The tenant wants ...
Jack Bobeck
New Limited Eviction Ban - Issue or nonissue in Jax?
So the CDC came out and issued a new Eviction Moratorium which postpones evictions for another 60 days due to Covid and the Delta variant. Since it covers 80% of the US and 90% of America, probably a good bet it cover...
Vinay Sakhrani
Personal Umbrella policy is limited to 4 rental properties
I have my Personal Home, Auto and 6 Rental properties covered with the same insurance company. I requested a 1 million Umbrella policy to be safe but they won't include liability from rental properties under the Umbr...