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Updated 8 months ago on . Most recent reply

User Stats

14
Posts
11
Votes
Matthew Powell
  • Huntsville
11
Votes |
14
Posts

First attempt on MTR

Matthew Powell
  • Huntsville
Posted
I need some assistance with funding a MTR deal. Had a partner that had to step away until October, but I don't want to miss out on an opportunity.
Thinking about FHA. The seller may be willing to Seller-Fi a small portion.
The property is great and currently has minimal vacancy. Not sure if a local bank may be better than FHA, or are there other avenues that I should explore?
  • Matthew Powell
  • Most Popular Reply

    User Stats

    76
    Posts
    39
    Votes
    Lindsey Mannix
    • Real Estate Agent
    • Woodland Park, CO
    39
    Votes |
    76
    Posts
    Lindsey Mannix
    • Real Estate Agent
    • Woodland Park, CO
    Replied

    For FHA, you typically have to occupy the home, at least initially. If you don't plan to occupy the home, I would love to a lending broker in the area to find you the best deal to either do an investment loan or DSCR type loan.

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