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Updated about 8 years ago,
I believe I have found a good deal and need advice
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.