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Updated 13 days ago, 12/09/2024
Considering 3 house purchase
I am considering moving my family down to pigeon forge and buying a lot that has 3 houses on it. We'd live in one and rent out the others as STR. the purchase price is going to be around $1.4 million. I have a lot of experience with STRs being a superhost for over 10 years and I believe I can bring in 200k for these houses combined.
Ho wwould you go about the financing for this deal? FHA 5 percent down? I don't have a lot of cash, could probably find 150k to put down.
Doe tthis qualify for a DSCR if on eof the homes is my primary?