Account Closed
Fannie Mae and 20% down rule
I'm finding with my lender that they don't want to lend me with less than 20% in the property, even if the numbers look good. Why is that? They say it's Fannie May rules. How do I skirt that? i asked them about PMI, t...
Mira Ramesh Babu
Construction Costs SoCal
Hello BP community!! I am looking into building multi family units (5-10) from the ground up in LA county, Orange County, San Bernadino and Inland Empire. Can anyone help me out with the construction costs? Is there a...
Mike Adams
Renew or not renew? HAP tenant, been in the apt for 20+ years.
So we have an old 3 unit building in Stamford which we've been updating where we can. The roof and siding has been updated, windows, doors, etc. One of the HAP tenants moved out, so we are redoing the whole apartment...
Matt Wignall
Duluth, MN / Superior, WI - STR guidance
Hello all! First time poster here. In the last 6 mo. I have acquired 3 properties, all 3 have signed 1 year leases and I just accepted a new job in a different state(2 hours away) increased W2 job by over $20k per y...
Matt Lopez
Heloc to buy Airbnb in PR
Hey guys, i have a Duplex thats cash flowing. Bought it for 225, 200k still on mortgage. Its now valued at 360k. HELOc is letting me access 100k, was going to use a portion of that to buy an ocean view apartment in Pu...
Miho Y.
Insurance for Leasing a residential property to a business
Hi all, one of the prospects is an owner of a car repair shop near by our rental property. Our property has a large outdoor parking space, which they will be naturally & possibly parking their clients' cars. Is th...
Patrick Davis
FHA Loan Limitations
I want to purchase a 10 unit apartment building using an FHA loan. My DTI ratio is above 57%, but the rent I receive on the property will easily cover my mortgage payment. Is there a debt product or workaround anyone ...
Jeramia Matheson
new Minnesota investor.
looking for any insight anyone has for short term rentals and funding
Rylan Pyciak
Colorado SB23-184 Impact to Screening
All,
Curious how SB23-184 impacts screening and verification of income. There is quite a bit to this law, notably: (c) IF A LANDLORD USES FINANCIAL INFORMATION, INCLUDINGRENTAL HISTORY OR CREDIT HISTORY, AS A CRITERI...
Adah N.
They Include The Cost But Disregard Income
Looking to pull a HELOC from my primary home. Lender includes PITI from rental properties in DTI but disregards income from rental properties. They say properties do not have 2 years tax records. How have you gotten a...