All Forum Posts by: Dale Miller

Thanks @Bill Plymouth and @Russell Brazil, I don't think my agent actually changed it and mentioned it to the seller agent so I will tell her to just keep the conventional loan. Thanks for your input I appreciate it.

Thanks @Bob Okenwa and @Max T. I appreciate it.

Hi everyone,

I am buying a triplex in Ohio that I plan on living in one unit and continuing to rent out the other two. I got my original offer accepted but then I went to the bank and asked about switching from conventional to a FHA loan. We got all the paperwork done and I let my agent know to make the change on the purchase agreement. She called back yesterday and said the seller's agent was giving flack that the house would not get the appraisal because of chipping paint and other repairs such as electrical. I had only asked for a few repairs from the inspection because the electrical was simple things like putting a cover on a junction box that I planned on just doing myself but since switching to FHA I guess these would need to be done beforehand. To me I didn't think this would be that big of a deal but I am still fairly new to this and have only done a couple deals. My question is I am wondering if I should just switch back to conventional or see what happens with the FHA? I was doing some reading on here and thought maybe a 203k or freddiemac home possible may have better terms than conventional if the FHA doesn't work out. Any input would be appreciated, thanks for your time.

Hey @JD Keesee, Welcome to BP congrats on making the first step. I'm near Alliance and fairly new as well. Good luck!

Congratulations, best of luck going forward. And by refinancing you would be able to do your next deal faster however I would say it depends entirely on your investment strategy and what you feel comfortable with. Good luck.

Welcome to BP! There's plenty of people on here to help you on your journey. I'm fairly new as well and am looking for my first house hack this year. Best of luck on your journey.

Great story @Daniel Krantz, good luck going forward! Very well written too thanks for all the details, glad it worked out great for you.

Welcome @Jake Sanders! Looks like your moving in the right direction, plenty of people on here to help you out on your way. Good luck on closing on your deal in the next 90 days! If you need any advice feel free to reach out, have a great day.

Thank you @Rob Mcclellan and @Jeffery Waicak I look forward to seeing you guys there and talking to you.