So, just to point out I am extremely new at this so pleas bear with me. My situation is:1) I'm living in a primary residence with 200k still left on the loan (bought house for 225k) and make about 60k a year. No oth...
There is plenty of useful information on FHA financing here, but I couldn't find answer to the following question:Is my first rental property (non-FHA) going to affect my ability to qualify for an FHA loan for my seco...
Hello,I currently house hack a home with an adu in the back. I bought it in April of ‘19. Now I’m looking at a duplex across the street and I can only get it with 15% down owner occupied financing. I have a mortgag...
Hello,
I've been interested in real estate since I was a kid. I currently work as a medical assistant and part-time bartender, saving as much as possible. My goal: to profit $2,500 a month.
I want to be...
Okay, so I've been learning about NOI and cap rates and I'm curious to figure out what mine is for the house I currently own. I live in it, but also rent it out to some friends.
Purchase Price: $105,000
Renovations...
Hey everybody,My question is how do you secure financing after your fourth conforming loan with a bank? I understand most people go to portfolio lenders to acquire more units but they typically come with ballon paymen...
I am a new investor and have a question to throw out there. My long term investing goal is to build a portfolio of rentals for a secure stream of income and add in properties to wholesale or fix& flip. My wife and...
I am about to buy a duplex and am inheriting renters. One is on a lease until the end of the year and another is month to month. Is it fine to put the MTM tenants on my own lease once the deal goes through? I wanted t...
Hi BP,I worked at a small business and had a 401k. And at the beginning of January, 2019 I started a new job at a bigger company. I am now on the fence of rolling over my money from the old investment company to the n...
I have been approved for a 100,000 dollar fha loan. My plan is to buy and househack a duplex. In my area I would need a minimum of 200,000 dollars for such a property. What are some other approaches for finding financ...