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Good morning BP!I am currently in discussion with a seller of a mixed-use property, looking for some advice on funding this purchase as it is my understanding I can not take a conventional mortgage on it. At this poi...
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I aim to get a multi-plex by next year. I wanted to get pre-qualified for a home now so I know the numbers and how much to save towards my goal. Is this a good strategy?
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Lenders... if I buy an investment property that appraises for $125k for $100k cash, could I do a cash out refi and get 80% (my $100k) back out?
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I own a property free and clear worth about 120k and currently cash flows about $650/mo after all expenses. I am able to cash out REFI with a credit union about 90k @ 5.5 % 30 years. What is the best way to use this 9...
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I’m in the process of purchasing a SFR 3bd/3ba with a lot size over 7,500 sq. ft.
The idea is to build an 800 sq.ft. ADU/Granny unit on it. The ADU will generate a rental income of 2,000 a month.
The cost to buil...
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Hi everyone! In the next couple years, the plan for my first property is going to be a duplex that I house hacking. If I am correct, but I know that there is an FHA loan for 3.5% down as long as you intend to live in ...
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Hello everyone,I am just starting out in Real Estate and looking at purchasing a home with my brother. We are looking into an owner occupied loan (5% down) so that we can house hack the rooms (looking at SFH). We woul...
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HI! First time posting. Im closing on a triplex with a FHA and I wanted to know can I house hack the next property to get it with a lower down payment.
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The basis of getting approved for a mortgage loan...
-for W2 employees the bank basically takes their gross monthly income, they cut it in half and then half the monthly income has to cover the monthly bills on the c...
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Hello BP and thank you in advance for any advice.
Theres an estate property I'm looking at, and needs a lot of work which might even negate conventional financing. We are going to go in with a cash offer. Question is...