Wydell Jones
Multi Unit Property 203k loan
Im a college student looking to take advantage of a multi unit property out in LA around the Inglewood area.i have an okay amount saved for 3.5 deposit on a FHA 203k Loan, a really good credit score but my income that...
Bob E.
Ideas for Selling Back to Former Owner
I recently bought a REO from a hedge fund. The former owner has contacted us and indicated that she would like to stay. she has the usual hard luck story. Lost her job, now working for less money etc.Looking at the...
Lucy Smi
Purchase about to fall apart
We are getting ready to close on an investment duplex in one week but now it seems it won't happen. Any suggestion would help at this point.
Background: I couldn't qualify for a mortgage on my own two months ago and...
Daniel Aponte
Co borrower for fha
Hi I'm thinking about looking into triplex or duplex. I'm looking to try applying for fha loan. The part I'm curious about is can I apply for multifamily for fha loan with co borrower/signer?Thank you in advance
Jonathan Feliciano
What's your advice for college graduates seeking a mortgage?
Hello BP Community,I've heard so much about the mortgage pre-approval process. One particular qualification that comes up repeatably is "two years' worth of tax returns." As a soon-to-be college graduate, I believe I ...
Jeff Gattens
Taking over my parents house in NC
My parents own a home in NC and I have been talking to them about buying the house from them for 2 reasons. 1. When they do eventually pass or if they ever need to move to an assisted living facility it's one less thi...
Daniel Tineo
FHA Self Sufficient Test
Hello All,Is it possible to by pass the self sufficient test when buying a 3 or 4 unit property? I was approved for an 800k FHA loan based on my income alone. Rental income was not included when calculating buying pow...
Account Closed
FHA loan for 2-4-unit with co-signer to live in?
I'm guessing answer is no but want to make sure if any of you know...We own a townhome and want to buy a 2-4 unit investment property but were told that you can't get an FHA loan for 2-4 units after having a conventio...
Henry P.
Student Rentals - Get co-signers or have them on a single lease
I just recently bought a duplex in London, Ontario, 10 minutes away from school. I am working on the lease agreement now and wondering if it would be more beneficial to have all the students on a single lease agreemen...
Lewis Christman
Tenant gave notice & now got a dog - how would you play it?
A tenant gave me notice and I confirmed it and posted a letter on the door as well as sent certified letter. She has broken the front door and basically messed up the unit. She is to be out at the end of April. Now...