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Updated over 11 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Atlanta, Georgia
  • Member since May 27, 2012
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Atlanta, Georgia
  • Member since May 27, 2012
Connect
Account Closed
  • Atlanta, GA
8
Votes |
93
Posts
Buying & Selling Real Estate

Approved for a FHA loan

Account Closed
  • Atlanta, GA
Posted

Today, I was approved for a FHA loan with a limit of $60,000 loan. I'm looking for a duplex to start my investing, while I can rent out 1 unit. However, I haven't seen any multifamily properties that low in the Charlotte area. If I get a single family home, condo, etc for myself, will it cashflow? My loan officer is already telling me I would be paying about $500 a month for a $60,000 property.

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