Aaron Shoemaker
ATL lenders who account for new rental income in ratios
Hi Atlanta folks,I'm looking for bank recommendations in the ATL metro area.What I need are lenders who will count new or expected rental income in their debt/income ratio calculations.Context is:I am renovating 1 pro...
Patrick Reynolds
HELP! Refinancing an out of state multifamily from Washington DC
Hello BP Community! I have relocated from Worcester MA to Washington DC and am finding I made a huge mistake in the process, and cant seem to find a solution. I had house hacked a triplex in MA in 2016 as my primary r...
Nicholas Hunsanger
Sticky Situation Financing My Intended Personal Residence
Hello,I am in a sticky situation with a property I own as my 'primary residence' and I'm somewhat unsure where to turn for advice as to how to proceed next. I thought this would be a good forum to gain some insight on...
Jason Ray Richardson
Intended BRRRR ends up being primary residence
Investment Info:
Single-family residence buy & hold investment in Brookhaven.
Purchase price: $75,000
Cash invested: $125,000
This house was up the street my current home and had been on the mark...
Jason Ray Richardson
Intended BRRRR ends up being primary residence
Investment Info:
Single-family residence buy & hold investment in Brookhaven.
Purchase price: $75,000
Cash invested: $125,000
This house was up the street my current home and had been on the mark...
Austin Bull
primary residence qualifications...?
Hey all,I'm planning on using a primary residence loan on my first SFH or small multi-family house-hack; most likely an FHA loan. BUT..I am wondering what constitutes a primary residence?-Can I live there part time an...
Chris Liu
Toronto - pre-construction condo tax question
I bought a pre-construction condo 5 years ago. It was my first purchase in real estate with the intention to live in it when the condo was finished. However, the project continuously got delayed and I ended up purchas...
La'Terrius Campbell
FHA Re-Finance Question
Question guys! If you got a FHA 203k loan with 3.5% down and made repairs to the property and increased the value, (I know you have to reside in a FHA for a year)could you refinance it to a conventional loan then move...
Colby Burt
Loan With Cheapest Down Payment for Non-Owner Occupied
Hi,I am having trouble finding the answer to my question of what is the option for a loan with the cheapest down payment on a property I wish to keep as a rental, that I personally will never live in? I see down payme...
Michael A.
Can Renting A Property Violate Mortgage Terms?
Greetings,
In general is it possible for a loan's terms to state that its subject property may not be rented or leased, and that doing so warrants new loan terms including a new interest rate? Appreciate any anecdote...