Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Closed on my first multi family today. How'd I do?
https://www.biggerpockets.com/...
Its in Mount Olive NJ. 2 family. We are in the 2 bed 1 bath downstairs with a 1/1 upstairs. Will be staying for a year to satisfy the loan requirement. used a portfolio lender so only had to put down 10.5% with no PMI, however had to close a 37K gap from loan and assessment. Came with the tenant already in place. little bit of mostly cosmetic fixing to be done.
What you guys think?