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Updated about 2 years ago,
How many months should I plan to pay for the full mortgage?
Hi everyone! I am currently 22 years old and I am planning on using my FHA loan to buy a multifamily home within the next few years. I am curious to know how much money, BESIDES the downpayment, I will need. My main questions would be, how long until I would find a renter/s? How many months should I plan to pay for the full mortgage before I start receiving rent money? Lets assume I will not have to make any major repairs before renting. Thanks for the help!