Andrew Curro
3.5% down to buy an investment property is a misnomer
I often hear people say “I only had $10,000 and I was able to buy a duplex in a nice neighborhood with an FHA loan, you can do it too! It’s that easy”. Seems like this is disingenuous. They leave out closing costs, em...
Troy P.
Trying to sell home to tenant with no financial history
Hi all,I have a tenant who is wanting to purchase the property from me, but by the end of the lease, she will only have 6 months of employment and credit history under her name. She was a single mom in the past and d...
Gregg Pauly
Liquidating one 401K to enable borrowing from other 401K??!!
Hey there everybody. I'm trying to come up with money so I can put some "skin in the game" for a first real estate investment. My current income is spoken for being that it goes to family expenses. I know private ...
Brian Tsang
Condo and rental property vs. multifamily property
Hi All,
I am a new investor and have some money saved up that I like to deploy in real estate. I am currently renting and some friends suggest me to start off buying a multifamily property because 1) you get to use t...
Account Closed
New credit report rules require 30 months of payment history
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
Edward Thornton
Seller Financing
I have been trying to keep my ears and eyes open for any seller financing deals in my area. I would like to get a seller finance under contract then wholesale the deal. I am hoping that this can be a quick way to move...
Kuriakos Mellos
Can you BRRRR your Primary after an FHA Loan?
Hi everyone!I am looking to buy a new primary home next year (currently my primary is a condo and going to convert that into a rental in 2021) and was wondering if you could use the tools of an FHA loan to buy it and ...
John Smith
Selling home to purchase apartment complex
HelloI am a total newbie looking to purchase my first rental property. I recently came under a lot of financial pressure due to changes in my personal life and money has become extremely tight. I currently have a mort...
Payton Reid
Should you buy a rental property with cash?
I just purchased my primary residence in a new city with cash ($350k) and have another $250k sitting in cash.Should I buy our first rental unit(s) with cash (after reserving 6-8 months living expenses)? As context, we...
Account Closed
Need input for a family situation.
Young guy looking for some guidance. Didn't know if this was an appropriate section or not. Taking any advice, input, and/or suggestions.My parents currently own a 6 bedroom house hold in the city of Ventura, CA. Unfo...