All Forum Posts by: Alex R.

Sam
This form can be helpful as it provides a proof that property is actually rentable and in demand.

why is it so important to review this form before buying a rental property and where can I obtain one for the property I am considering to buy

Is there any exception for buying a 5 or 6 unit property on a conventional residential loan with low down and low interest rate ?

yeah, we need more responses to this question as it can be very helpful for beginner investors.

other resources could be price history, sale records, current and past tax assessments and Zestimate.
Look at al these data and make an offer accordingly.
**************
Is the MLS reliable? In my city YES. ay change first appears on MLS followed by Trulia, zipreality, zillow,...
**************
And distancewise, if this is your first deal, it shouldn't be more than half an hour drive from your primary residence

Edwin

Interesting article but it didn't address the situation I am discussing in this thread.

Or am I missing something ?

wow, this is interesting Bill

I had the exact same idea in mind because it made sense to me but i wasn't sure if that's a possibility.

After closing the deal, how long it took for you to move in ?

Great tips and good suggetions

25 % down payment is much higher than 3.5% for owner occupied financing.

What if one of the tenants is moving out in only 3 months. I need to make the deal happen with low down payment and low interest rate

My bank will qualify me for mortgage for a 4-plex if I live in one of the units at least for a full year. A property I am considering right now is fully occupied. Can I still ask for the mortgage and tell them as soon as first unit becomes available I will move in.

Or is there any other solution to this situation ?