All Forum Posts by: Koki Agata

@Aaron Poling Thanks a lot for the info! I have noticed the existence of PMI on FHA, and I got the concept, but I was confused because even with PMI, the monthly mortgages for many properties seemed about the same as 30 year fixed or even lower on sites like realtor.com and zillow where they estimate the monthly expense for you. But if I understood you correctly, for conventional loans, more you pay off on the principle, less you'd eventually have to pay on your mortgage every month? My spouse is somewhat against FHA, so I was wondering how to have a conversation on FHA with her.

@Jerry Padilla Thanks for your insights as well! That is a great point. I didn't think of that. I live in KC Missouri, and housings are relatively cheaper and many people rent in the city. My wife and myself are also renting at this moment, and it costs over 1000 for one bedroom apartment, so perhaps it is a good idea to pursue FHA.

Thanks a bunch for all your insights!

Hello peeps!

I am new to RE investing and still in a learning curve, but I have this one thing that has been bothering me.

As my wife and I are also looking to buy our first home, I've been looking at different mortgage options.

The question is,

If FHA is so good, why isn't everyone doing it rather than conventional ones?

I know there are some requirements that need to be met, but what are the downside to FHA?

Any insights will be super appreciated!

Thanks y'all.

Thanks Andrew! One of the best moves I've made so far.

Thanks Colton! Loving the city, and I am very much looking forward to what I can achieve in KC!

Hello all!

I am a newbie to BP and aspired real estate investor! I just wanted to introduce myself to this wonderful community.

I currently in the process of moving to KCMO, but I am originally from Japan (born and raised). I love this city, and my wife and I are thinking of starting building wealth through real estate investing (rental properties) and stocks. Brandon's book "The Book on Rental Property Investing" brought me here.

We are also currently looking to buy our first home.

Really hyped about this journey, and looking forward to learning more each day.

Cheers.