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Updated over 8 years ago on . Most recent reply

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Brian Collins
  • Pendleton, IN
0
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13
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I believe I have found a good deal and need advice

Brian Collins
  • Pendleton, IN
Posted

Hello BP Community,

Going to look at a couple 4-plex's on Monday. They are currently listed for $39,900 and are directly across from each other, Fannie Mae properties. I have ran some numbers using the rental calculator on here.

https://www.biggerpockets.com/calculators/shared/6...

*These properties are identical.

What should I be looking for while I am looking at this size of a building?

Are there advantages to these properties being Fannie Mae properties?

Also, I am in need of a good resource to do a HELOC on my personal home. I want to be able to tap into my equity. ~$41,000 I have tried once but was told my DTI was to high.

Thanks in advance for you thoughts and advice.

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