I'm looking to purchase my first home and I have good credit. Here is my plan: 1. Put down 3.5% and receive an FHA loan to purchase a multifamily home with 3 units and 3 bedrooms per unit2. Live in one of the bedrooms...
So I am trying to figure out the best way to sell a property to an end buyer. I signed a contract to buy a single family home from my grandmother in March for an agreed upon price (120k). I have a closing date on that...
Greetings all,My offer has been accepted on a duplex that I plan to owner occupy but currently both sides are rented. 1. I asked my lender if one side needs to be vacant to owner occupy and they said no. I'm not sure ...
I have some questions about getting a construction loan from a bank for ground up development. Typically a bank will want the investor/developer to have a certain amount of money as "reserves" that is in addition to ...
I had all but given up on selling notes. All the instaitutions want to give you 65% of the note balance or worse. With the standards note buyers were setting for my payers I could get them a new loan if they had all t...
I got a letter in the mail about TARP, P-PIP, and how a firm here in Vegas could buy my loan from the mortgage company then use TARP money to subsidize a reduction in principle/negative equity of my mortgage. I calle...
Is it possible to acquire an FHA loan for a 4 unit property if the owner is interested in have a package sale for another 4 unit property. I would be dwelling in one of the units to fulfill the FHA requirements, and t...
Hello my name is Rory Shaffer, I’m looking to purchase my first property ever and I’ve been researching local 2 family homes in my local market. My problem I’m running into is my credit score to borrow with an FHA loa...
Hi all,I recently had to walk away from a deal because I didn't have a good hard money lender.Just wondering who's giving favorable LOC or similar loans, or even a good hard money lender. Looks like some are scams an...
Hey everyone! I’m 18 years old and looking forward to make my first move in real estate. I’ve been reading and gathering information since December 2019 (when I found about Bigger Pockets) and the potential in real es...