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Updated about 4 years ago on . Most recent reply
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Best states/Cities for FHA Loan
Hey everyone,
Quick question that will definitely have more than a single answer.
I am a college student in Minnesota.
I have a remote job lined up when I graduate and want to purchase a duplex, triplex, or fourplex for my first home with an FHA loan. Because my job is remote I am wondering which states and cities are the best for this? In which the rent to price ratio consistently meets the 1/2% rule. Thank you!
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@Jeffrey Donis Yes, mostly looking for properties that meet the 1% rule. With multi family the numbers will obviously differ slightly. However, I am just gauging locations that would qualify this.