Krystof Pilisiewicz
FHA over Conventional loan
Hi, You probably heard this question many times, but I`m puzzled what should I do. I am working on a loan for a 2-family house in Queens, New York that I`m planning to purchase. After speaking with my mortgage broker,...
Louis Trinca
Should I use FHA loan
Is it smart to use an FHA loan to purchase a multi family investment property as a first time buyer? Or should I pay cash for a single apartment. I thought it’d be a good idea to use fha loan since I’ve never purchase...
Javier Gil
LLC for property that was primary residence turning rental
Hello everyone,I bought a condo in downtown Chicago 4 years ago that has been my primary residence since. However, my wife just received a job offer in Miami and we are moving at the end of the month, so I want to tur...
Grace O'Rourke
First Investment Property - Should I Jump?
Hi - I'm seeking advise from those of you who've done this before. This would be our first income property. It is in my college town and we would rent to students which I am okay with. Paying 182k for the home, rent...
Pearly Tan
CFPB looking to eliminate DTI requirements
What are everyone's thoughts?https://www.bankrate.com/mortgages/cfpb-debt-to-income-rule/
Michael C.
Condos in San Francisco
Hello all,I am new to real estate and was thrown into it after my father passed away and I inherited two high end condos in San Francisco. They are fully paid off with rents coming in total of $7950/month with cost ...
Maria Flores
Help, I am newer, should I rent my house or sell it?
I have a house that I don’t live in, I am renting out now, but I’m trying to decide if it’s better to keep it as a rental or sell it, my plan in the future is buy houses and rent them out, I’m unsure what’s best to do...
Chris R. Gallo
Boston, MA Lending - Tenants Remain in Place Jan 2023
Good afternoon BP! I am currently in search of my third property and currently found a property that has tenants in place until the end of January 2023. Its a Multifamily (2 fam) that I intend to move into once of tho...
Joshua Michael Hauman
Interest Rates Are Reshaping The American Dream
Let's compare a $250,000,0 loan today versus two years ago.
In America, the average person has a credit score of around 715 you’re looking at around 6.6% on a conventional 30 year loan.
Excluding taxes and insuranc...
Erika Baker
HELOC for downpayment on first property
I just recently opened a HELOC from my primary home to use for a down payment on my first investment property. I will finance the rest with a conventional loan. My question is, what is the smartest way to pay back the...