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Results (10000)
Melissa Harris Can I use the rental income if I bought a 4 unit with FHA?
27 March 2018 | 4 replies

I am getting pulled in all kinds of directions with really knowing if I can purchase a 4 unit as my primary residence with a FHA loan and be able to use the rental income as part of my DTI? Has anyone done this recent...

Griffin Myers How do you determine how much you can spend on a new property?
25 March 2018 | 3 replies

I graduated school last May and want to dip my toes into REI by "house-hacking" (in Cleveland). Per some other contributors recommendations, I'm in the process of trying to get pre-approved for an FHA loan, but some o...

Brian Bern Required money down on income properties?
9 June 2008 | 3 replies

I'm meeting with a couple of mortgage brokers next week, but a friend of mine mentioned that the mortgage companies are no longer offering 100% financing on income properties. He could just be blowing smoke in my fac...

Matt McConkey Borrowing Money for Down Payment on Rental Property
15 April 2019 | 4 replies

Hey BP Members, I am under contract for a four family and my idea is the BRRR method. However, instead of buying with cash, I am looking to put a mortgage on the property, fix up, turn over the tenants, raise rents an...

Handel Carter Much needed analysis of possible first investment
6 February 2016 | 2 replies

Hello bp community. I'll get straight to the meat and potatoes.

Formed my holding company. For my first investment, I was hoping to quit claim, warranty deed or flat out buying a 3 unit property, from my mother, tha...

Ronald Julien Pre approval question in the RI area
12 June 2020 | 4 replies

I am a OTR trucker currently out of NY for over a yr now. Before going over the road, I gave up my studio apt & sold my car, leaving me with practically no debt. Currently looking to relocate & work locally i...

George V. What options do I have here?
3 November 2010 | 9 replies

I just got a call from my mother. She recently filed for bankruptcy and is pondering walking away from her house. The home does needs some interior tlc but is structurally sound. The problem is that she currently has ...

Ronald Mejia Is it difficult to get approved for loan as an agent (self empl)?
4 January 2021 | 7 replies

I am transitioning from my previous job to a new one (real estate agent). My previous job was a 1099 position as well and was there for over 2 years. My goal is to purchase my first rental property this year but conce...

Nhi Pham 3 mortgages with 240k, how to get them under LLC?
18 March 2021 | 1 reply

Husband and I have 3 homes with 3 mortgages. We’re about to rent out our first SFH but are curious about the protection of an LLC. What is the best approach to getting at least 1 home under an LLC? I know that any hom...

Cyprian Sadlon 8 plex and convential mortgage
30 November 2016 | 4 replies

Hi BP,I have been searching for deals and I am unclear on some financing issues I may run into.Can you get a conventional mortgage on a 8-plex being bought by an LLC? and second... How important is the purchase cap ...