Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

3
Posts
1
Votes
Branden Miletta
1
Votes |
3
Posts

Multifamily, Brrrr, or Fix and flip

Branden Miletta
Posted

I bought my first home as a primary residence as an easy fixer-upper. I have been house-hacking it the entire time I've owned the property as well. The Property value and loan paydown have resulted in 27k of equity built in. I currently only have about 12k saved up for my next investment property. My question is, should I be searching for a multifamily as I still have access to my FHA loan and could potentially utilize a 203k loan to remodel the property and continue to live at my current residence while it is being remodeled? The only issue I'm running into is my debt-to-income ratio is thrown off due to my current residence and usually disqualifies me even after using 75% of the projected income. Are there different strategies I should be looking at. Or do I simply need to wait and continue to build my nest egg? Any help would be appreciated.

Thanks  

Loading replies...