Jamal Jacobs
Should I create LLC for owner occupied 3 family unity?
Pre-Approved for FHA, considering creating an LLC to protect mysef against potential future lawsuits with tenants. Is it worth it?
Account Closed
Fannie Mae and 20% down rule
I'm finding with my lender that they don't want to lend me with less than 20% in the property, even if the numbers look good. Why is that? They say it's Fannie May rules. How do I skirt that? i asked them about PMI, t...
Account Closed
Financing First Deal (employment history)
Hope this is in the right forum.
I will be travelling for an extended period of time after which I will focus on my first deal. I have a concern with financing this deal.
Let's say I have a solid employ...
Michael Win
Deferred maintenance and blocking my conventional loan
I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
Joanna Brumley
Will Changing Jobs Disqualify Me for an FHA Loan?
I am currently a newbie closing in on making my first investment purchase. I'm looking at purchasing a triplex or fourplex using an FHA loan. However, I am considering switching to a new job in a completely different...
Eric S.
Which Lender should I go with
Hi Everyone need some advice on which lender I should go with. Little background info 10 unit apt building currently bringing in $5400 gross a month. 5 studios and 5 1 bedroom apts. Price is 595k. A neighborhood great...
Doris Jin Huang
203K
Hello all,We are looking to acquire a 2 family house where one of the units needs a complete renovation. We were told by one mortgage lender that 203K is our only option here - is it a fair statement? Does anyone have...
Adam Craig
Is Mold going to stop deal?
We (me and the bank) have an accepted offer for a house. The house has been inspected and is in great condition except the basement has a good amount of mold on the cinder blocks.
The house has been vacant for 3 yea...
Jonathan Bauer
Who do you use for business banking and why?
I am researching some business basics before starting my LLC and was curious who everyone uses for business banking and why? I am getting into the mortgage note investing business specifically, but am curious to hear ...
Dave Naphy
HELOC for investment properties
Hi BP community! If I use a HELOC for a down payment, will lenders still be willing to give me a conventional loan? The home is currently rented for $3,000 a month with tenants in place. I am located in southern New J...