I’m new to house hacking a duplex and this is the second time someone asks me for a late move in. If I allow someone to move in later in the month (target month is nov) Should I still mandate full deposit and first mo...
Hello, I'm new to Bigger Pockets and wanted to share my first post. I'm looking to acquire my first investment property within the next year, ideally a multi-family home in/near northern NJ. I'm particularly intereste...
Good day everyone! I am currently planning on buying a second primarily house using a VA Loan this time. I want to buy a house that's bigger than what I need to rent out the extra rooms. Can you please share pros and ...
My research has come up with a DTI ratio for using a VA home loan at 28-41% but in-person, I have heard realtors mention VA loans of up to about 50% DTI!I am a first time homebuyer, looking to purchase a multi family ...
I need to update my place when the tenant moves out, but I'm not sure to what degree I need to upgrade it as that will depend on what Class it belongs to. But, I'm not sure how to identify what class my property would...
Was made aware of a house that just came on the market today. Existing tenant but no viewing until under contract. This would be my first property and that just sounds too risky to me. Are there documents or info I ca...
Hello BP family,I am near closing on a substantial cash-out refi with my CA condo (single unit rental). The lender is at a road block with the Fannie Mae/Freddie Mac owner occupancy requirement that at least 50% of th...
Hey BP. Gotta quick question. We've had a house under contract for about a month and a half. A month ago we signed our intent to proceed forms and loan estimate with 80% LTV. Closing was supposed to be a few days ago....
Good day BP!I have a quick question. I have a 3 unit under contract and the local banks and credit unions keep telling me my loan is commercial, but it is a simple 3 unit. I have not run into this problem in the past...
Hi Everyone,
I am excited to get involved in the BP community. A friend referred me to the podcast and after listening to 20+ episodes I am hooked. I am really looking forward to connecting with this community.
I am...