All Forum Posts by: Ryan Zimmerman

 Hi Ryan,

Not sure why you would want an FHA loan. The mortgage insurance is higher than conventional financing. Also rates are higher today than they were in May, so you might get sticker shock no matter what you do. If your parents want off the loan that would be a reason but I would go with conventional again rather than FHA. FHA is primarily used for people who have very little money to put down. If you have a conventional you have at least 5 percent into it. Sometimes FHA might have lower rates however the difference in the mortgage insurance premium might eat that up. Speak to your lender and see what they suggest. Good luck.

@Ryan Zimmerman- if you plan to live in the new property - you can use the FHA loan for qualifying .....if not -you cant .....do you plan to rent out the presetn home

@Ryan Zimmerman

Here are my favorite books:

Multifamily Millions by Dave Lindahl

The ABCs of Real Estate Investing by Ken McElroy

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges

Commercial Real Estate Investing by Dolf De Roos

Trump: The Best Real Estate Advice I Ever Received by Donald Trump

Tax Free Wealth by Tom Wheelwright

Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David Lindahl

Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt Faircloth

The Definitive Guide to Apartment Marketing by Josh Grillo

Investing in Apartment Building by Matthew Martinez

Crushing It in Apartments and Commercial Real Estate by Brian H Murray

The 7 Secrets to Successful Apartment Leasing by Eric Cumley

2 Years to a Million in Real Estate by Matthew Martinez

Burn Zones: Playing Life’s Bad Hands by Jorge Newbery

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael Reinhard

It’s a Whole New Business!: The how-to book of syndicated investment real estate by Gene Trowbridge

Ryan, On the surface Yes. You have a total of (2) years of employment if you include the college and all you need to provide is the transcripts. You would just need to apply and fill out an application with a bank/lender so your DTI - Debt to income ratios can be reviewed.

Some lenders have overlays so ask up front about your income and job seasoing.  Most Banks especially if they are Fully Delegated "Full Eagle" will not have those over lays.