Logan Ogg
Should I use FHA or VA loan to purchase small multi family home
BP,I’m currently new to REI but I want to take advance of the benefits the military has to offer. I’m currently in the army and will be PCSing in a few months and I want to “house hack” a duplex or triplex to save the...
Justin Melton
Parents Florida Home
My parents own a home near Sarasota Florida and are thinking of moving back to the Midwest closer to me. They purchased the home in 2016 for 275k and it’s now worth around 575-600k. They really don’t want to pay to ...
Account Closed
Cutting your losses or holding negative cashflow?
I was listening to an older episode of bigger pockets today and they brought up the discussion of a negative cashflow rental, specifically in the context of turning a principle residence into a rental property. I coul...
Brandon Cao
Assuming an FHA Loan - PMI Carried Over/Able to be Removed?
Hello All,I may be selling a triplex in a few months that has an FHA loan attached to it. Note this FHA loan was originated before the June 2013 change that makes PMI last the life of the loan. Instead, since it was...
Chris N.
VA home loan? one time use? or multiple?
I recently purchased my Single family home with the VA home loan. I now am currently saving for a future multifamily home. My question is, now that I have already used my VA home loan can I not use it for future non r...
Jimmy Chao
Home or rental property?
I live in California and currently rent. I am considering whether to buy my first home or continue buying properties. Rent has been increasing as such a fast rate that i'd rather be spending on a mortgage than this. F...
Michael Yin
What's first... the deal or the funding?
My partner and I are interested in buying an apartment with 100-200 units. We'd like to find a B class property with some value-play that we can re-position and resell within 3 years. Would you have investors and lend...
Charlie B.
Show 70 follow up: Worst case scenario
I've been reading about taking title 'subject to' and wrap loans. It is an intriguing strategy but one aspect seems to give me pause. The worst case scenario: The Acceleration / Due on Sale Clause.
For the ...
Ed Brown
Sell paid off triplex and reinvest out of state or larger building or?
I have an ocean view triplex in Orange County, CA. Value 3MIL and paid off; excellent location and strong rental market. Just thinking I'm not getting much income as income is about $7,000 per month before expenses (p...
Joshua Wilson
Duplex with shared pool + how's my math?
From where I sit, this Duplex configuration looks hard to sell to a potential tenant. Shared back patio and miniature in-ground pool? That plus the bad math have me looking at this as a bad investment property.Homes...