Rental Property Investor · Chicago, IL · Member since 2013 · 100 posts · 85 votes
7y
@Bobby Ruff use that to get an FHA loan for a 2-4 unit.. will be 3.5% down.. just run the numbers and make sure you'll be able to cover the balance of the mortgage payment
@Bobby Ruff when running your numbers make sure you have enough set aside for multiple months of vacancy. You are new to this and not everything will go smoothly.
The reality of the situation is if you're asking that question, you probably haven't studied enough yet