Tarcizio Goncalves
Buying investment property with less than 25% down
Hi everyone,I am looking into buying my first investment property (not owner occupied) and was wondering if there is a way to buy it with less than 25% down. Things I've read so far say either 20% or 25%. Any help wou...
Michael M.
2nd FHA mortgage - 3.5%?
I currently own a home with an FHA mortgage in the Bronx, NY. It is a 2 family home and I live in the home.I want to refinance to get rid of PMI, get rid of FHA, and tap equity to buy a second multi-family home in th...
Joseph M.
Best strategies to secure large multi-family apartment buildings
I am looking to buy a larger multi-family apartment building, but don't have that much cash and won't qualify for a large investment loan. What is the best way to find seller financed buildings? Do some portfolio lend...
Nick Causa
203k FHA Primary Residence Question
Hey all, I was looking into doing a 203k FHA on a duplex but dont want to sell my primary residence (I'd actually like to airbnb it while we're renovating) Could anyone tell me if FHA has a problem with something like...
Jonathan Jaime Velarde
Should I use an online lender?
Good evening folks!Looking to buy my first rental next summer and wondering how good/bad the online lenders are? Obviously I will shop around and talk to a bunch of lenders, but I wanted to get a few opinions on what ...
Skher Brown
1st project, insight on right loan product
Hey guys. I've been on BP for a while and am loving it. You guys are an amazing resource!
Scenario. I live in a duplex in Baltimore, Reservoir Hill neighborhood and need $30K to fix up the property right and rent t...
Brandon Blankman
FHA to Conventional to a Second FHA?
Current situation: I have a FHA Loan on my property and would like to refinance it in order to go purchase a multifamily to owner occupy. I have lived in the current property for 3 years and have near 20% LTV with a n...
Michael Strobel
Getting started in REI with an IRA or Self-Directed IRA
My father and I are looking into getting into RE Investing. Our long term goal is to build a portfolio of rental properties that produce passive income both for his retirement and my long term wealth. As we contemplat...
Shirley X.
Lender changes rate after appraisal??
Advice needed from BPers!!!We are in the process of closing our first MF with a conventional loan. The locked interest rate was 3.75% for 30 yrs. One week after the executed P&S was submitted to lender, and follow...
Spencer Glaser
FHA loan in the same year as a conventional mortgage?
I cannot seem to find my answer online and I want to have some knowledge on the issue before i reach out to a mortgage loan officer. Two months ago I purchased my first duplex (house hack!) and I received a convention...