All Forum Posts by: Amzy Dedios

Domestic Partner and I recently purchased a primary residence under my conventional loan only. ( I was late listening to Scott trench podcast about FHA loan, darn) We want to buy another property as a rental ( duplex or single family) and I was thinking if it's possible if my partner can get an FHA loan as a rental property to use 3.5% down. However with fha it needs to be lived on at least oa year, right? If the FHA will not work, what are Our other options for a loan for a rental property?

wow is all I can say! That's very thorough... I would need to get a better deal I agree.  Would

You advice an FHA loan ever tho?

1. Rental income 

2. est price 200k

3. No real cost but just repairs maybe 1k

4.hold Property 30 year term 

My dilemma is really having to out do much money down even though I can afford it , I'm not sure if savvy investors put that much in.

hi, I'd like to know if it's better to get a primary residence first before a rental so i can make use of the First homebuyer rates. FHA loans, and are the rates lower?

If I buy a rental property, will I still be able to get a first home buyer rate?

Also, is there a better strategy that I can use to use the heloc from one property to finance a new property? In this case if I  buy a residential then use the heloc for a rental or vise Versa.

Hi, I've been asking a lot of questions  lately and everyone has been gracious and I've taken it to brain. thank you all. 

Now here is my  dilemma , the real deal is coming and my question is what is the best path to get the loan? Bank institution or lender. Here are the options

Bank offers 70% loan on a 4.4% rate for  30 years -- meaning 30% down. Is 30% down/ out of pocket hefty for an investment property? I heard people say that the less money you put out or put on down the better. Since it's a rental property they are requiring 30% down

Lenders rates are 5% for 30 years for 20% down but of a coarse with a 1400 fee. Unsure if it gets credited at all. ( I didn't know I had to ask this)  

Lender also gave another option for 25% down on a 4.625% rate. 

I've been running numbers and how much I can offfer but is it crazy to put 30% down? Is it better to take higher rates but less money down? Please shed light to me. Thanks and by the way the ROI is on,y above

3.88%

Yes it was and I decided to let go since it's under litigation. I also am now realizing how bad idea HOA fees are. I think I'll broaden my area and piece point as well.

it's true that it's a lot more expensive in these areas. I've found one I liked but it was under litigation. Thanks for the tip about Citrus Heights. 

hi. Is it true that credit union only finance 70% of purchase price? They have interest rate of 4.5% and when I called chase they can give me 80% loan but 5.5% rate.. not sure which one will be more workable for me. Any advice? 

I'm trying to purchase a 2b/2bath condo as a rental property. 

Max is 200k... maybe low 200s will be my wiggle room.

there are not a lot of inventory it seems like. I'd love I hear from Sophia 

I'm looking for condos or townhouses or even single family in Roseville ca or rocklin ca  area.. any mine have ins?