All Forum Posts by: Ryan Cater

@Brent Coombs, I've found multiple lenders that have quoted mean FHA loan with 3.5% down. One example is National Bank of Kansas City.

@Brent Coombs, my input for closing costs was $0 to keep everything simple; clearly this is an idealistic situation. If the analyzer defaults to $1500 closing costs then I would expect the total cash needed to be $12,000 and the loan to be $289,500. The output shown above indicates that $1,500 is being removed from the down payment and added to the loan.

What's the difference between down payment and total cash needed in the rental property analyzer? In the simple example that is shown below, the total cash needed is less than the down payment. Why?

Hi everyone. I'm a newbie and a student in real estate. My current goal is to purchase a multifamily home in San Antonio. I plan to get an FHA loan and try to get 4 units. If anyone is from San Antonio and and has experience in this market then I would love to buy you a cup of coffee in exchange for your advice.