Bill F.
What Do HOA Management Companies Charge?
Hey everyone out there. I have an offer in on a townhome within and HOA and I just received their budget. The community is nothing crazy, but its above average for the area. It has a pond with a fountain, common area ...
Cody Tittle
Navy Federal Credit Union Home Loan Questions
I have a few questions, some may be simpler than others. For starters, I am in the Army Reserves, just commissioned last year though, so I'm not eligible for a VA loan.
First, does joining the NFCU effect my credit s...
Steve S.
Do you keep high or low deductibles on your rentals?
I've gone back and forth on this and am trying to decide which makes more sense. Seems if something broke under $1,000, I may not want to claim it and i may benefit from pushing my deductible up for the things like r...
Dabvis Le Sutton
Financing first deal
Good Morning BP,I just got pre approved for financing my first rental at 70k. Originally the down payment required from lender was 5% but now they require 20% which take it from 3500 to 14k. If I put 14k my reserves w...
Chase Davis
First time investing questions
Hey BP Folks!
I am located in Morrisville, NC and I am looking at Duplex's in Durham, NC. This would be my first time buying a home. I recently purchased the Rookie Bootcamp and house hacking bootcamp, and would like...
Allen Joyner
The Lender wants 6 months Reserves
I am looking to buy a 4 unit apartment. I have the 25% DP, the closing cost and my credit is excellent. The lender would like me to keep 6 months of reserver funds not just on the apartment but also my primary and a...
Carissa Kruse
In House or Portfolio Mortgage Loan for Primary Residence
I am looking for a home loan for a primary residence, but needing it to be a portfolio loan due to having rentals and self employment income. The home will be in Colorado. I am also looking for suggestions that might...
David F.
Mortgage Cash Reserve Requirement
For a landlord who has properties that are finance and have been rented out for 2 years and who is applying for a mortgage to expand his/her portfolio, is that landlord required to have 6 months cash reserve on hand f...
Jose Rodriguez
How to expand a rental portfolio as a beginner investor.
Hello Biggerpockets,I am a new investor looking for possibilities to expand my business. I have two rental properties with one of them as my primary residence. I am currently house hacking living in one of these prope...
Matthew Aubert
Jumbo Loan or Conventional??
I'm wanting to purchase a duplex and a single-family home simultaneously. Can I use a conventional loan or will I be required to obtain a jumbo loan? I read jumbo loans are not easy to get. I understand selling one of...