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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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...
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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 ...