Troy Forney
Conventional versus commercial
I just got the go ahead from the commercial dept. of a local bank on a cash out refi. When I cash out refi'd number 3 both a mortgage broker and local bank told me my debt to income was too high. I went to Lima One ...
Cameron Wright
cash versus conventional offer
Hi all.
I have a house up for sale and have three offers on it right now. Good situation to be in but also tricky decision to me. I have a concurrent offer which is low on the list. My dilemma is between a cash offer ...
Dylan Patel
Conventional Versus Portfolio Insights
Hi, I would like to use the delayed financing route for investing to speed up the BRRRR process. From my understanding, conventional mortgages that go through Fannie/Freddie utilizing delayed financing have specific t...
Jake Meir
Commercial Versus Conventional Loans
Hello, This is my first post and have been reading a lot and appreciate everyone's advice. I own a duplex that is worth about $500k, and owe about $220k. It currently has a 3.25% 30 year fixed rate with about 23 years...
Michelle Chevalier
Confused about conventional versus DSCR
I am trying to purchase a second SFH investment property. I have one SFH rental that I purchased in 2021 using FHA (it was my primary residence at the time). I am trying to get a conventional loan this time around for...
Steve Hiltabiddle
Seller Financing versus Conventional Loan
Did some driving for dollars yesterday looking for run-down/abandoned properties. Found more ‘for rent’ signs and made some calls to get a sense of rent in the area. Connected with a 76 year old long-time landlord w...
Colby Zeller
Sub-to versus Conventional Methods
Bp Community, I plan on buying my first property after I graduate school in Dec 2023. Recently Ive been debating the best way to fund my deal, and I've recently discovered a little method called sub-to. Its seller Fin...
Victor Nkhoma
Owner financing for house hacking
Has anyone used owner financing on a house? I keep seeing owner financing options on house sales and wondering if that will work. What are the pros and cons you’ve faced?FYI - ultimately the goal is to house hack my f...
Jerry Padilla
FHA versus Conventional For Owner Occupied.
FHA reduced their MIP (Mortgage Insurance Premium) to become more competitive in the market as Fannie Mae reduced their down payment to 3% for conventional mortgages. FHA requires 3.5% down payment. This is for case n...
Charles Han
FHA Loan versus 5% Down Conventional Loan
Hello everyone,Fairly new member (and overall investor) here looking for help. Thank you beforehand for any advice!I have the opportunity to get into a duplex with either an FHA loan at 3.5% down or with a conventiona...