Scott Schultz
getting a mortgage with little or no income
Recently my Wife and I relocated to help in a family business, she quit her job as a Pharmacist, and I continue to invest, her new position, is not w-2 income based its more equity building vs income, we have 18 renta...
Twana Rasoul
5% Down Conventional Loans for 2-4 unit Multifamily
Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
Jason Khoury
Purchasing Vacant Home from Non-Profit
Hi everyone,
A couple of weeks ago, I noticed a seemingly vacant and distressed property near my current residence. After conducting some title research, I discovered that the property is owned by the local nursing h...
Elizabeth Rose
Help! Trying to pick the best HELOC option...
Hi BP community! After researching and talking to multiple lenders, I've narrowed my HELOC options down to my top 5. I'd love your help to figure out which one is the best one for me. I'm a bit confused as some lender...
Bryan Hoffman
FNG Bryan
Hello All, My name is Bryan and I am from Southern California and live in the City of Corona. I am completely new to real estate and currently have a full time job in public government. My wife and I are trying to t...
Jobee Vincent Buenaventura
I am facing SO many hurdles during the refinance process!
Hey all, I’m not sure if it’s because of COVID or the current housing market in general in NJ/NY, but I am having such a tough time getting this to work. I purchased my first property, a two-family back in September 2...
Mark DiRenzo
Looking for Opinions
Whats up guys! I have a situation that I need expert opinions on since I started out and dont have a mentor in the field! Im looking to buy another rental property in a prime student rental location for $250k. Down pa...
Account Closed
25% down payment
Hola bigger pockets-ites,
So an agent at Quicken Loan today told me if I want to get a multi-family that is more than 2 units, I would have to put down 25% down payment as a rule. Has anyone heard of this? I'...
Alexander Metrisin
Starting out in Cleveland suburbs
Hello everybody,Bought my primary residence feb 2018. Fixed it up over the last year and I’m saving for my next down payment for an investment property.I have been going back and forth on multi-family vs single family...
Jaelen Washington
RENTING A ROOM THAT IS UN-PERMITTED
I have a month-to-month rental agreement for a unpermitted room that has been in effect since 2009. The residence was owned by a woman who died in Nov 2019. Her son now has possession of the property and is currently ...