All Forum Posts by: Arthur Voskanyan

@Keith C.

I don’t want to get philosophical, I understand some people are perfect, who never lie, commit sin, break laws accidentally, including you, I appreciate your perfection to life, but again, I know what I’m signing. Thanks.

@Luke Grosskreutz

I live in a very competitive real estate market here in San Diego, hard to find deals period, whether rehabs, apartment complexes, really highly priced, but I appreciate it a lot Luke.

@Luke Grosskreutz,

Also, if I have the financial means, can I keep paying down the loan with extra monthly payments on top of the monthly payment set?

@Luke Grosskreutz

So, a cop is going to knock on my door and say, "Hey, young man, why did you write that about FHA loans on BiggerPockets?" You are under arrest!!!!!

But I appreciate the tip, thank you.

@Ika Sargeant

If this is your residence for 1 year, after that year is up, then are you allowed to rent it out long or short term? Thanks

@Luke Grosskreutz

I study law, don’t worry the intention is to seek knowledge here, not to commit fraud, that’s why it’s in the open 🙄😁

@Ika Sargeant

Appreciate it!

@Trevor Aydelott

Also, it doesn’t matter if I plan on living there or not, I can easily say yes, and not live there

@Trevor Aydelott

I own only one property but it’s a joint title split, family business, but besides the point. I am aware if the consequences like “not due” yes, but in order for that to be initiated you have to trigger something in the lender/government program to see that you are using it as an investment property. So assuming you hide the rental income, which is easy through a business structure and a couple of payrolls/accounting work, but how will they know?

Thank you,

Arthur

Hello RealEstate Gurus,

I have a general question, and want to see if I'm just missing simple common sense. Why can't you use an FHA loan to purchase a property to then use that property as a rental/AirBnb? What are the consequences/restrictions and or lender measures to find out? How will they know that's what you are using for? I'm sure there is no Polygraph exam during the approval process 😂. Thank you in advance!

Arthur Voskanyan