All Forum Posts by: Hector R.

I can honestly say they are one of, if not the best. Competitive rates, there are other lenders out there who might state that they have have better rates or go to higher LTV's but none of that compares to exceptional service and people that do what they say and say what they do. They really go above and beyond to do things outside their scope of work. They have been an important piece of helping us grow our business.

Hi we are doing a gut remodel in north jersey, we are most of the construction since we general contractors, we have already gutted the house, the house used oil furnace, we have planned on replacing with gas furnace, and installing mini-spits, however now that everything is exposed do you guys recommend perhaps another solution. 

So I can finance another  2 family with an owner occupied conventional loan, even if I already have a 2 family loan 

Hello,

First post, so I apologize if this is two place to put this post. 

So I bought my first property with an FHA loan in 2019, I was luckily enough to find a below market 2-family short sale in north jersey. Since then I have put a lot of work into the house. I would like to implement the BRRR strategy, and buy another property to live in, and rent out the current one, I am planning to do a cash out refinance in the next few months, and then I would like to finance the second property using a residential mortgage, live it in while I rehab it. I would like to buy another two-family home, as I can used the second unit to help pay for the mortgage. However I was told by a lender I spoke with that I would only be able to finance a one family home. Is there any situation I can finance another two family using a conventional loan.

Thanks