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Updated almost 8 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Michael Orr
  • Royal Oak, MI
1
Votes |
6
Posts

Advice for beginner investor on valuation of expenses

Michael Orr
  • Royal Oak, MI
Posted

I am looking to be a first-time home owner and investor this summer in metro Detroit. I would love to house hack using an FHA loan for my first property but multi-family homes in the suburban areas are limited. I am now looking into hold and sell with a SFR. How do I valuate what the expenses are before purchasing the home? Obviously I could speak with the current owner but what if it is a foreclosure? Does the bank have that information?

Thanks!

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