you need more videos on real estate risks, how to save retained earnings, where refinancing can be dangerous (with numbers and detail), and how to grow the right way... in fact, it should be a series
@ritamc90 Жыл бұрын
I would love that too!
@Touchatt10 ай бұрын
I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.
@jonathanmcintosh196910 ай бұрын
@@Touchatthi how do I contact you?
@thevaynenetwork2575 Жыл бұрын
Bank of America offers 5 percent down for a duplex convention option
@KrystalLatrese3 ай бұрын
Thank you for sharing this
@idkmybffjill968223 күн бұрын
Seriously thank you, only reason I clicked on the video
@MicahWotring Жыл бұрын
Exactly what I needed!!! I've watched over 10 hours of FHA videos and this one explained things most of the gurus skipped over. Bigger Pockets is the BEST. Thanks guys!
@chriscovarrubias213 Жыл бұрын
This video helped me a TON! Currently in the process of buying a multifamily on a FHA loan and this info was GOLD! Thank you guys 💪
@legiterneyy10 ай бұрын
Hey congrats on buying your multifamily home, I’m currently in the process of buying one myself (4 Unit) (1.2m) multifamily, thinking of using a FHA loan for this. Any suggestions or ways to get approved with what you went through already on your process?
@ediemoll Жыл бұрын
How is it that I learn something EVERY TIME I listen to you guys?!?
@ATFstein Жыл бұрын
Boom first! Love this channel I live in San Jose and I’m tired of making printed circuit boards for a company that won’t give me a raise while they spend 10 million dollars upgrading their equipment in the last 6 months.
@tacrewgirl Жыл бұрын
Great info. I didn't know about the self sufficiency rule or having to move at least 100 miles from current FHA residency to use it again. But like you said you could restructure your loan as a conventional and then use your FHA again if moving less than 100 miles between homes.
@americanfoundafilipina4832 Жыл бұрын
I contacted Christians company and I have been very happy with the service!!!!
@roderickhorton7845 Жыл бұрын
Today I actually learned something very important.
@DanKohan Жыл бұрын
I totally get the idea of using FHA loans to buy apartments and rent them out. The cool part is that you only need to put down 3.5% of the property's cost, which is great for starting. Great video!!
@vevasika2 ай бұрын
My only thing is though your monthly payment will be pretty high if you put so little down plus the PMI as they mention and then the unknown of property taxes and it’s increases…so you’d really have to make sure your rent will be able to cover that
@patelbv Жыл бұрын
I keep saying it, but we love mortgage Mondays! And like every episode, so much of that is relatable. I was a buyer in late 2015 when the lending laws changed that added that self-sufficiency on 3-4 unit properties. I was in the pre-approval process when I was suddenly told that I couldn’t get into the 4 plex in Long Beach because 75% of the rents wouldn’t cover the mortgage. We bought a duplex instead; and I feel like that’s the best option for first time home buyers in SoCal. FHA, 3.5% down, on a duplex. I also have the golden handcuffs; so I appreciate the conventional/5% down tip! It’s one of the options I’m looking at. So here’s the outside-the-box question: if you STR rental a duplex/SFR, for 2 years, does that help your borrowing power to qualify for a house every (other) year within 100 miles?
@karlfriebel744 Жыл бұрын
Very informative episode. Please breakdown DSCR loan for small multi family.
@tellasnichols805 Жыл бұрын
Literally broke down my game plan but I didn’t know all the details so thank you 🙏
@TJ-th9hw Жыл бұрын
Great content gents! I learn something new today “MIP”. Thanks for the video!
@Juansvq37 Жыл бұрын
This is dope, this was the product I was looking info on but only got so far, I know you guys went into depth a little but after you guys get done with the main real state products can you guys maybe double back and teach us more about this one. Also thank you for the knowledge it’s empowering being 22 learning how become financially free from elder folks who have done what you’re interested in. Keep up the good work and thank you again.!!!
@Touchatt10 ай бұрын
I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.
@tazeev Жыл бұрын
Your show is so good but I’m calling my bank tomorrow to see if they have an FHA loan. I can get this three Plex with. Thanks for all the great information.
@lailaatallah1857 Жыл бұрын
So helpful. Learning about the FHA loan in COMPARISON to a conventional loan was super informative. It’d be helpful to hear more use cases and how people with particular challenges can buy their first, second or third investment property. Which product can tend to help people with lower incomes? Which product might work for someone who has a high DTI after their first investment property, but wants to buy their second? How would someone who has a lot of assets but not a high income be able to buy their third rental property? Etc.
@erikanoxid11 ай бұрын
Very helpful!! I have never heard of MIP!! Thx for this GEM💎
@ivanr7711 күн бұрын
Came here for multi-family info was baited into an FHA overview. Thanks for the 101 i didn't need.
@tonyalutzTML Жыл бұрын
If still taking show suggestions: how to business hack with an SBA 504 or 7a? Not sure if this is a topic that could be considered because it’s lender specific. Please keep the Mortgage Monday show running, everyone learns so much from you guys!
@Touchatt10 ай бұрын
I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.
@devonscope62227 ай бұрын
The zooming in and out is killing me
@skarhead759719 күн бұрын
This isn't in any way important
@Nohelygarza10 ай бұрын
This is very helpful! I’m trying to understand more on how to make money with multi family properties/real estate I’m glad I found this channel!
@rebekahcurtis538 Жыл бұрын
Helpful! Thank you….gave me some ideas for my primary SFH and FHA financing. Planning to buy a MF next but wasn’t sure what to do to free up the FHA. Located in AR and was one of Henry Washington’s students.
@biggerpockets Жыл бұрын
Great to hear!
@SeanLuc_Photo Жыл бұрын
Thank you for this info. As a current Gold Handcuff person, learning how I can get released from those cuffs was very helpful.
@Tanya401life Жыл бұрын
I would like to see more videos like this. Great content and guest!
@biggerpockets Жыл бұрын
You got it!
@MrThyberg44 Жыл бұрын
Thanks for the great episode. Would love to hear more about VA loans!
@crypto_ai_v2 Жыл бұрын
Do some full videos on management companies virtual and non-virtual and what is a good percentage to agree on
@MR-zf4rw Жыл бұрын
David, you always provide value. Love it man. Thank you.
@TEFgolfer1111 ай бұрын
Very helpful! Christian is my favorite recurring guest
@wowwhydopplhavemyid Жыл бұрын
Thank you this is great..! kinda hard for someone like me who barely knows anything about realestate but excited to dig more into this. Thanks again!
@JamMillion3 ай бұрын
Very helpful I will be doing this when I purchase my first property
@KilleenRealtor Жыл бұрын
Great episode! Perhaps an episode regarding VA loan and strategies to use that to its highest potential ?
@christianbachelder8608 Жыл бұрын
its coming!
@seamus203 Жыл бұрын
This video was helpful in a broad way. There are many restrictions on the types of properties that work with FHA, in my area especially (CT/NY) it seems sellers have realized that there are so many big-time buyers and investors in the market still right now, they no longer are willing to make any improvements or adjustments on properties, everything is selling on an 'as is' basis. This in turn rules out the possibility of using the FHA loan due to its restrictions. What about 203k loan option, which I believe is a variant of the FHA loan?
@tammybooth5279 Жыл бұрын
You guys are awesome! I learn sometging new everytime I listen in. Thanks Again
@tyjameson7404 Жыл бұрын
Give us another podcast on how many VA loans a veteran can obtain 🙌🏾🙏👏🏿
@matthewburkholder1076 Жыл бұрын
This is one of the best episodes ever!
@happycappy9606 Жыл бұрын
I love this straight forward content! More of this please!
@ProvocativeCrew2 ай бұрын
You guys answered a lot of questions I was wondering about thank you
@chibsryder Жыл бұрын
Love this episode, thanks David. I would like to see a video on low down payment options for foreign investors. As a Canadian, what are my options to buy a house using a low down payment + DSCR if applicable OR an option to buy a house without putting anything down because I got 20% equity in the buy. I need an institution that rewards getting properties with equity by skipping the down payment
@jaredcoburn4644 Жыл бұрын
Learned some valuable details. I really appreciate this type of video.
@seanwilliams4398 Жыл бұрын
This was INCREDIBLY informative. thank you for the breakdown
@biggerpockets Жыл бұрын
Glad it was helpful!
@applesyo Жыл бұрын
Super helpful, going to re watch after work. Looking to buy my first house (duplex) so this helps a lot
@biggerpockets Жыл бұрын
Best of luck!
@collierant Жыл бұрын
Can you explain the DCSR loan for MultiFamily since I can’t live in the four plex I want to buy
@christianbachelder8608 Жыл бұрын
This is on its way!
@cabinkingglampking Жыл бұрын
David Greene’s beard is on point! Lookin good!!
@thatflywelshguy9662 Жыл бұрын
Can you guys cover the “replace your mortgage” since you guys are advertising for them? We looked into it 2 years ago but they were variable rates which I was not willing to do knowing how things were going (I was right about rates rising) and RYM also wanted a significant chunk to be a “member”
@croftonstreetllc7695 Жыл бұрын
awesome show packed with very useful info!
@user-dy5tv4yy6t Жыл бұрын
I really enjoyed this one and how easy it is to understand!
@tylerjack6300 Жыл бұрын
Another great video! Learned so much!! 👏🏾💯
@rebaneal40476 ай бұрын
So informative!
@elizabethdlcrz Жыл бұрын
Love the content!
@LuisJimenez-fj3ho5 ай бұрын
Correction: Mortgage insurance is discontinued automatically once mortgage gets to about. I think about 78% of its purchased value.
@bellabluejungle11 ай бұрын
My bad. Here's the fix. MIP-Mortgage Insurance Premium is for FHA loans when people pay under 20% down and their terms are more complex. The PMI- Primary Mortgage Insurance is an extra insurance on a different type of loan when you pay under 20% down. *Also note that you can get non FHA home loan by paying under 20% down. Talk to a lender about the details & your options.
@ganson4411 Жыл бұрын
That was great! Thanks to both of you!
@seanpatrickbarnett Жыл бұрын
Love these deeper dives. Can you go over HELOCs
@adasanabria702211 ай бұрын
I just need to know more about having multiple FHA LOANS and more in depth as to how that works.
@counterproof8 ай бұрын
I would like to hear about a multi family loan where you buy the land and build a four unit property.
@noahwillett59259 ай бұрын
Thank you, this is extremely helpful!
@MrP00p12 ай бұрын
great infomation !! thank you
@christophercrossman69672 ай бұрын
I'd love to learn more about Construction Loans
@faithharris143 Жыл бұрын
Very helpful. Thank you both!!
@victorterrazas-castro7089 Жыл бұрын
Great information. Any change having an episode on an All In One loan? I hear this loan helps payoff your mortgage faster. Thanks!
@michaelburrell4685 Жыл бұрын
Great episode! Fantastic information always. Thank you @DavidGreene24 and @Biggerpockets. I would like to learn more about VA loans next. Specifically if you could partner with a veteran to get one on a property. My father is a veteran but I am not. Thanks again!
@kathleenvillagomez9211 Жыл бұрын
Very helpful and inspiring. Thanks
@AR-ts2qr Жыл бұрын
Refinance if rates ever go back down. Fed already announced they won’t be going back down. We’ll see
@Bellawalsh-girly11 ай бұрын
Very helpful as always!!!
@chancelor3235 Жыл бұрын
I had a question about FHA loans. When using one to buy a single family home and house hacking, can you use 70% of rents to help qualify for the loan?
@Dio2a Жыл бұрын
MORE DEEP DIVES like this video 🙏🏽💯
@KrystalLatrese3 ай бұрын
Super helpful thank you so much
@Lovepinkdress Жыл бұрын
This doesn’t work in current environment with multiple offers as sellers don’t like fha loans as more restrictions during inspections and obviously they don’t want the deal to fall through. Thsi will work when no offers and sellers are desperate. Hopefully this time comes in the next year or two.
@bsktproductions5658 Жыл бұрын
thank you this was great and very informative.
@RealtalkwithTammy3 ай бұрын
Great video 😊
@aceofslayz Жыл бұрын
Thank you for building with us
@shelvonbrooks2307 Жыл бұрын
Fantastic information
@Belle_Faye2 ай бұрын
Very helpful ✨
@denicelopez9467 Жыл бұрын
Nice! Thank you for this very helpful. Can you do conventional loans now? Please
@giniestudio8975 Жыл бұрын
Love this show thank you
@Ray-ge1vx8 ай бұрын
Super helpful!
@isamfarah3744 Жыл бұрын
Absolutely very helpful
@davidstephens9594 Жыл бұрын
Very informative video!
@biggerpockets Жыл бұрын
Glad you think so!
@massguy9625 Жыл бұрын
Great information. Thank you.
@biggerpockets Жыл бұрын
Thanks for watching!
@mtrcx1 Жыл бұрын
Thanks for the video. My wife and I are looking to purchase our first home in the Bay Area (Peninsula, SSF, ideally) and are looking for a multi-family home to house hack. As you mentioned in the video, FHA loans in high cost areas aren't ideal. We have some family help and our own savings for down payment and we have excellent credit. What is the best loan option for people in our situation?
@PartyTimeProDJs Жыл бұрын
Can someone use an FHA loan for the purposes of high debt to income and or low credit score, but avoid MIP by either having 20% equity or putting down a 20% down payment? Or is MIP automatically added on an FHA regardless of equity/down payment?
@Touchatt10 ай бұрын
I’m a Gator. I do short term transactional funding for EMD, gap and double closing funding so you can get more deals under contract. I can also connect isn’t PMLs and HMLs.
@lt5556 Жыл бұрын
Great info!
@adasanabria702211 ай бұрын
Learned so much.
@theodoreroberts340710 ай бұрын
This is what I need. At least a two family that I live in one. I'm a first time buyer and a senior. So, let's start there. What can you tell me to help me get this and how much will it cost me?
@insightfool Жыл бұрын
Super useful. Thanks. 👍
@stevenyoo46487 ай бұрын
Great Video, will you guys make a video on the new FannieMae product? the 5 Percent down on residential like 4 plexes?
@shackeeljackson4230 Жыл бұрын
Very informative
@alejandromorales5822 Жыл бұрын
Very good info, thanks 🤙🏼🤙🏼, how long should I wait to refinance from a FHA loan, don't really like those PMIs.
@jickumathew6949 Жыл бұрын
Interested in learning more about financing to purchase a rental portfolio, recasting opportunities and such
@JR-bx6kw10 ай бұрын
Love this.
@francesmccrory1794 Жыл бұрын
This was helpful
@emanuelcollado1343 Жыл бұрын
I have been doing this for years
@frobinson1981 Жыл бұрын
I have the golden handcuffs stuck on the refinance stage of a BRRR
@williemaewatson2043Ай бұрын
Thank you! I love Bigger Pockets; I've learned so much through your platform. Getting a conventional want to buy a l FHA loan next, I want to buy a Multifamily home a four plex if possible, but having a hard time finding one in Michigan any suggestions?
@alexjbriiones8 ай бұрын
Yes, but what if this is an investment property and I will not be living there? Then what, where is my 3.5%?
@deshawndavis18 күн бұрын
Show us how to do what the title of the video says.
@florianewu7256 Жыл бұрын
Very helpful. Ty! 📚📚📚
@tyjameson7404 Жыл бұрын
Christian is the bomb 💣
@jessicaharding512 Жыл бұрын
Learned great tips can you do one of these on the VA loans