fhaloans

Episode 41: How to Buy a House with Only 3.5% Down! (The FHA Loan Explained) What is an FHA loan? What are the differences between an FHA loan and a conventional loan? FHA loan limits  How to Qualify for an FHA Loan Pros and Cons of the FHA Loans Want to read more? Check out the article we wrote on FHA Loans.  Looking to buy your first house? Here is our How to Buy a House article.  Check out all the Stuff I Recommend!  M1 Finance Best Place to Invest  Personal Capital Free Wealth Management and Budget App  CIT BANK (Best Savings Account) ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in.  Make sure to check out the episode sponsor Turbo Debt: www.turbodebt.com/FINANCE Check us out on social fam!  Twitter Andrew’s Instagram Dollar After Dollar Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

It's hard to imagine a more boring (and dreaded) word than "mortgage." But if you know where to look, you might find a mortgage that will save you thousands of dollars a year or discover that you qualify for a loan when you didn't think you could.

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Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast. On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years. You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property. In This Episode We Cover: How Todd got started in real estate How he found and financed his first deal What exactly a 203k loan is How he bought a rental and a flip How to three projects at the same time while working a full-time job What his investing life looks like today How he scaled his investing to hundreds of purchases How he was able to gradually quit his job Tips for digging deeper with midsize multifamily properties What he looks for in a property Advice for getting the overall picture of the market (a unique way to study markets) How Todd manages to invest out-of-state How to get the right people on your team Why he chose Cincinnati The story behind his 84-unit contract How he manages his projects His ski resort story Todd’s vision of owning $200 million in real estate And SO much more! Links from the Show BiggerPockets Forums CBRE Marcus & Millichap ARA Rental Colliers Redi Cincinnati LoopNet Trulia Raising Money to Buy 1,000 Apartment Units with Brian Adams Books Mentioned in this Show Set for Life by Scott Trench Finding & Funding Great Deals by Anson Young (discounted!) Emerging Real Estate Markets by David Lindahl Rich Dad Poor Dad by Robert Kiyosaki The ABCs of Real Estate Investing by Ken McElroy How to Win Friends & Influence People by Dale Carnegie Fire Round Questions Is a roof deck on a multifamily worth building? What services could a person provide that would not be considered acting as a property manager? Short Term or Long Term Lease? Flipping a house with extensive mold (advice or order of repairs) Adding sqft to a home Owner wants to sell 9 mos from now…best way to tie up property? Tweetable Topics “It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!) “It’s all a referral business. People talk about people they like and trust.” (Tweet This!) “If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!) “Getting good tenants is the best strategy.” (Tweet This!) Connect with Todd Todd’s BiggerPockets Profile Todd’s Company Website Todd’s Linkedin Profile Todd’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices