Broc Wilson
FHA Loan Requirements For non-occupied owner
Hi BP,I have some questions concerning FHA financing. My intent was to purchase a duplex or triplex using an FHA loan, live in it for the required time, then move into the next investment property (using conventional ...
John Derheim
Hard money loan to finish construction on primary residence?
Hey everyone, A friend of mine has come into some hardship, she sold 2 of her rental properties in an attempt to build a 1 bedroom home for retirement in northern California, she bought the land outright, and has fini...
Eric Sebast
Are there high loan to value options besides VA/FHA?
I'm sure theres an answer in the forums somewhere, but I got tired of looking.We are currently under contract for our first investment property, a duplex for a just over $100k doing it with traditional financing in ou...
Xzavion Schultze
Need a place to live
I am in a sticky situation. I want to move somewhere with my friend this year and get into real estate. The problem is I don’t know where! And how to go about it. I have (no money.) Here are the options I have in my h...
Kyle Pelech
Low salary mortgages for rental property!
Happy New Year!So I am starting a new job and looking to buy my first property. It is within the government sector and I will be starting at around 42k a year in NJ. Slow increases until I reach around 120k after abou...
Paul Brady
Demolishing single family home with a mortgage
Rookie question : If I were to try to develop a couple duplexes on land where a small single family currently sits (demolishing the current home in the process) would the bank call the loan since the house in demolish...
Thomas Bullock
Investing with a partner and making it a business
My friend and I purchased a 3 family home about 2 years ago. We started out by watching bigger pockets youtube videos and dove right in. I see tons of success stories and I’m trying to get myself in that position as w...
David Mitro
Financing a Primary Residence- Need Help!
Here's the situation. My fiancé and I are trying to buy a new construction home. We were set to settle on April 30. On Monday, after working with a bank for over a month, we were notified that we were denied due to...
Nate Thomas
Does Divorce Qualify for Hardship After Shortsale
I am trying to arrange financing for my first REI, I will owner occupy the unit, it will be a multifamily house. I went through a short sale little over 2 years ago because of a divorce. I subsequently moved across th...
April Benard
BRRR Strategy- Refinancing with a LLC vs. Personal
Using the BRRR strategy, will I have any issues refinancing if the property is assigned to my one-member LLC instead of my personal name? The LLC is less than two years old so I'm 100% sure I will need to use my credi...