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Buying my first rental property in the next month or two. Planning on putting the mortgage in my name. If all goes well, we'll purchase another in my name in another 8-12 months and be on our way. After 5-10, we'll st...
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I have never done a DCRS loan and have little knowledge of how they work and in what situations they can be used. Can anyone out these describe them to me with limitations/advantages to having one? Thanks
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Hello!I'm looking to buy the current home that I live in. It's a cooperative (made by the current owner ) which means it's technically a 3 bedroom turned into a 6 person living situation, with the huge master bedroom ...
Hey everyone. Long story short: I ran a landscaping company the past 3 years and sold it in July. I want to buy an investment property so badly but I will definitely not qualify for a bank loan since I have no real i...
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Hi everyone!
I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventio...
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@Brandon TurnerHey Brandon!What's better: a 15-yr mortgage or a 30-yr mortgage?I can still cash flow just fine with a 15, so I decided to take it (PITI with the 15-yr is $550/month, while it is $350/month for the 30-y...
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Hello all, Just starting out and I've read so many books and still haven't found the right path/advice. I have 25K cash and have been told several 'must do' with. 1) Immediately put in your saving account 2) Put it in...
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Hi BP community! My husband and I just got preapproved for a home loan with the bank and now I am stuck with trying to figure out what the best move would be. We live in Southern California which is extremely expensiv...
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Hi everyone! I'm not sure which place would be best to post this so I'm posting this here and in the introduction section (this is my first post). I apologize for the length but I wanted to give a lot of background to...
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Hello Everybody,I am new to RE, and as of late it has become one of my passions. While I really want to get into it, I am wondering if it is the best course of action for me at this point in my life. I have recently g...