Melissa M Paul
🏠 BRRR & Renting to my Mother
Hi there everyone, Really just wanting to gain more perspective on a living situation. The landlord of the home I have lived in since I was a child is now wanting to sell the home to my mother. The situation here is t...
Nate Monson
Creative way to purchase a house hack for a student?
Hi all,I scoured the forums for a post like this, but I didn't seem to find one. I am a 1st year MBA student in the upstate NY area and I am currently researching FHA loans and other creative ways to purchase a house ...
Brooke Morton
How to exit a construction loan?
CONSTRUCTION LOAN question: I am looking to build a modest, small home for myself. I have just started looking into costs and am seeing a ballpark of $200,000. If I sold my current home, I would pocket $140,000. I ima...
Stephen W.
Am I screwed or can I get a loan?
WANTED: $25,000 mortgage/loan over at least 10 years and preferably 15 years.
COLLATERAL: 3/3 duplex that is owned outright and is worth around $50,000. Rent totals $1,200 per month. Taxes and insurance are roughly...
Kasun Herath
First time home owner buying a Townhouse?
This is my first post in Bigger pockets. I have a question and seeking help to decide whether my thought process is correct to proceed.
I've been renting apartments for last 5 years and now I'm trying to get into a m...
Hank McArdle
Financing with 250k in equity, no income docs
I currently own 2 properties in AZ free and clear. I want to use the 250k in value to purchase a multi unit rental in Chicago, while keeping and renting my AZ properties. My income docs aren't there, is there a priv...
Reaz H.
LTV % of prior mortgages vs. new mortgages
I've been looking through previous threads with regards to "second mortgage" but haven't found exactly what I am seeking so I thought I'd start asking. I would like to learn more about how lenders view the following s...
Dylan Marcelle
Looking for ideas! My unique situation
Around three years ago, I fell in love with the idea of real estate investing. Two years ago, I bought a SFH and house hacked for the first year. Now, it cash flows as a rental property.
Here's my problem. I was luc...
Ryan Smith
FHA or New 5% Conventional Loan
Good Afternoon Bigger Pockets Member,
I am looking to invest in my first rental property when I graduate at the end of December. When looking at possible financing options for the property, every book recommends FHA...
William C.
Insights on our lending situation for a primary residence coupled with our rentals...
Summary: We have a small portfolio of SFH rentals. We are looking into acquiring a new PRIMARY residence. We would then turn our current home into a rental (again). We have only approached 1 lender (large, online only...