All Forum Posts by: David Stone

I am planning on buying a 10 Unit complex for my first rental. I will be hiring a property manager for the complex. Any tips for a first time landlord doing multi-family properties?

Thank you Mark Welp ! Once I get the duplex I'm buying I will be in touch.

Hi, I am getting into the multi family rental industry. And I need a good CPA that specializes in real estate in my area.

I am taking out an equity loan in my primary residence that I bought 3 months ago and put a ton of work into. I am using the equity on a down payment for a duplex. I was told that I have to wait 6 months to get an appraisal since I didn't may cash for the house. (FHA 3.75% down) This doesn't seem right to me. What about people that buy and flip a house in a few months? They don't seem to have to wait 6 months for an appraisal.

I am taking out an equity loan in my primary residence that I bought 3 months ago and put a ton of work into. I am using the equity on a down payment for a duplex. I was told that I have to wait 6 months to get an appraisal since I didn't may cash for the house. (FHA 3.75% down) This doesn't seem right to me. What about people that buy and flip a house in a few months? They don't seem to have to wait 6 months for an appraisal.

Thanks @Nathan Miller !

Thanks for the info Adam V. !

Thank you! I thought it was kind of rude also.

I am working on taking out a 2nd mortgage with a Credit Union. I have given them all required documents on Friday (9/30) and she said she would probably have it done Monday when I talked to her. It's now Wednesday and she isn't answering my calls or email. Just wondering if she is dragging her feet or these take this long?

Was actually looking at cozy. Thanks!