Alan Asriants
5% Down Conventional On Multi Family! Absolute Game Changer...
Huge news in the mortgage industry this past week!
You can now use low down payment on Multi Family properties using a conventional loan.
Fannie Mae just allowed prospective homeowners-investors to purchase Multi F...
Pat Muller
To Buy or Not to Buy
I live in a HCOL area and there is a small two-family that is currently available to me for short period and I was in the market for a multi as my first purchase when COVID hit and the market went down the tubes. Howe...
Ira Bloomfield
Replacement Reserves Question
Are you ever able to get money back from your reserves with the lender for routine make-ready expenses? If not all then is any reimbursable, such as new flooring, or new appliances, AC etc? Thanks
Ira
Conrad Kostrzewa
Buying a condo in the West Loop for long hold to return to
Work has me moving back to the Chicagoland area for about 6 months to 1 year. I'm originally from the area, and always consider Chicago "home". I currently have a place in Denver that I'll be renting out, and rather t...
Brendon K.
What kind of loan is used in BRRRR for cash offers?
David brings up an interesting point in his BRRRR book. He prefers to buy properties with cash straight up so he doesn't have a beginning mortgage. He mentions numerous advantages of paying with cash.When you pay for ...
Shawn Wainsely
House hack advice: buy now and refi or wait it out?
Im in a unique position here, new investor. Have one investment property.
Im moving to a new market that I know decently well, looking to utilize an FHA and house hack with roommates.
My dilemma: The housing market...
Joshua Reed
Question about Quicken loans
Hello everyone I am wondering did the FHA rules change? because when I asked quicken loans about a buying a 3-4 unit and living there they tell me that FHA only does 1-2 units. of course I aruged this saying since the...
Chris Bingham
Taking it to the next level-buying 3 properties within 3 months
I want to take it to the next level. I have seen several posts of folks buying several properties (sometimes 10 or more in a year). How is it done? I have acquired 3 properties over the past decade. Each of the proper...
Ale Rioja
Rent-by-room income counting towards DTI (Fannie / Freddie)
Hi BP community:I have a 4bd SFH property that I'm renting by the room (1 long-term lease + 3 short-term Airbnb). I was doing this while I was living in it last year. Now, I'm looking to acquire a 2nd property and als...
Samantha P.
House hacking in an LLC
Should I put my primary residence in an LLC if I am house hacking? What are the pros and cons?