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All Forum Posts by: Elexa Marsh

Elexa Marsh has started 3 posts and replied 8 times.

Post: Work or Mentorship

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8
Quote from @Lucia Rushton:

@Elexa Marsh what specifically in the commercial arena is of interest for you?


Hi Lucia - I am interested in deal analysis and underwriting where I have been expanding my knowledge more recently, however I have a strong background in sales so I am open to learning about a variety of opportunities. 

Post: Work or Mentorship

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8

I have held my salesperson license since 2020 and have worked as a marketing coordinator, listing coordinator, and property manager. Aside from 4 of my own residential sales, I've dabbled in most positions in the residential world. 

Recently I have spent time skimming the basics of different investing strategies and learning about commercial real estate. I'd like to work full time in the real estate world again and am open to discussing any opportunities. 

I am local to the San Jose market, but I have a strong sales background and am open to remote inside sales opportunities and mentorships as well. While I prefer a paid position, I understand that some mentorships may cost or be a trade for my time. Please feel free to comment below or connect with me to discuss. Thank you.

Post: Using Future Rent as Income; First Time Home Buyer Multi-Unit

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8
Quote from @Nicholas L.:

@Elexa Marsh

i'd at least try in CA first before moving (assuming that you like your job, where you live, commute, etc.!)

a lot of people don't want to put any work in.  they talk to 1 lender and offer on 1 property, and get discouraged, and that's it.

so - talk to 10 lenders and visit 50 properties.


 Hi Nicholas,

I really appreciate this feedback - not a fan of my current day job, real estate is where I want to be full time and I can do that just about anywhere with the right niche as I am early in my career still and a first time investor, of course.


I'll be doing tons of research and your perspective is a valuable reminder that I need to talk to as many lenders and see as many properties/evaluate & analyze as many deals for myself as possible.

Post: Using Future Rent as Income; First Time Home Buyer Multi-Unit

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8
Quote from @Joe Norman:

Keep in mind that if you're using an FHA loan then you must occupy one of the units for a certain period of time. You mention residing in CA but looking for other markets - do you plan to move? If not you may need to reconsider your financing.

Talk to a lender for sure and get some options. Make sure you speak with someone who offers DSCR loans as well as Conventional and FHA (may not be the same lender, but can be). Good luck!


Hello Joe, thanks for your response. I am aware that I would have to occupy one of the units for at least a year if I use an FHA loan. I would be planning to move to a more affordable market in the U.S. given my current finances and the market in California - particularly the Bay Area where I'm located.

I am not familiar with DSCR loans so I will do some research and reach out to a couple of lenders, again, thank you for your response!

Post: Using Future Rent as Income; First Time Home Buyer Multi-Unit

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8
Quote from @Erik Estrada:
Quote from @Elexa Marsh:

Hello all, 

I am a first time homebuyer looking to take advantage of an FHA loan for a multi-unit property. I recently heard about people using an FHA loan to buy a multi unit property and using future rent as income, and I want to do the same to start building my portfolio.

I currently have a salaried job and reside in CA. I'm not sure if with my current salary and the future rental income combined I would even qualify for anything in this state, so I would like suggestions on other states to do this in.

Any information on this process would be helpful and suggestions on good rental markets to do this in are appreciated! If you have done this yourself, your personal input is also greatly appreciated!

P.S. please feel free to re-classify my post if I am in the wrong section.


 Hey Elexa, 

You may be able to use 75% of the rental income for 2-4 unit properties on an FHA loan. If you are buying 3-4 units, you will be required to pass the FHA self sufficiency test. This means that 75% of the rents must cover the full mortgage payment to qualify. The minimum downpayment is 3.5% for 2-4 units on an FHA loan.

You may also qualify for a conventional loan which would require a minimum of 20% down on 2-4 Units. 


 Hi Erik, 

Thank you for your response. I'm pretty sure I wouldn't qualify for a conventional loan. 

Assuming I am looking at a 3-4 unit property, I would probably want to decide what area to buy in and the general rental income so I know that I have a good chance of passing the self sufficiency test?

Post: Using Future Rent as Income; First Time Home Buyer Multi-Unit

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8
Quote from @Josh Young:

@Elexa Marsh you need to talk to a lender, they will be able to help you create a plan. You should be able to use the appraisal projected rent (on the units that you will be renting out) as income to help your DTI, but they might only use 75% of this projected rental income, they have guidelines from Fannie and Freddie that they have to follow and some lenders have additional guidelines that are even more strict. Learning the underwriting guidelines is the first step to learning how to qualify and then you can create a budget and a plan, after that you can start looking at what market to invest in.

Thank you, Josh. I appreciate your response, I will reach out to a lender!

Post: Using Future Rent as Income; First Time Home Buyer Multi-Unit

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8

Hello all, 

I am a first time homebuyer looking to take advantage of an FHA loan for a multi-unit property. I recently heard about people using an FHA loan to buy a multi unit property and using future rent as income, and I want to do the same to start building my portfolio.

I currently have a salaried job and reside in CA. I'm not sure if with my current salary and the future rental income combined I would even qualify for anything in this state, so I would like suggestions on other states to do this in.

Any information on this process would be helpful and suggestions on good rental markets to do this in are appreciated! If you have done this yourself, your personal input is also greatly appreciated!

P.S. please feel free to re-classify my post if I am in the wrong section.

Post: Offering Assistance and Looking for Mentorship

Elexa MarshPosted
  • Real Estate Agent
  • San Jose, CA
  • Posts 8
  • Votes 8

Hey everyone! 

I am a California realtor with 4 residential transactions under my belt. I want to dedicate my time to learning the ins-and-outs of starting an investment business. I am open to flips (for end users), investing in multi-family properties and more. 

I'm looking for an investor that I can assist either in the San Francisco Bay Area, or anywhere virtually. I have a lot of skills and knowledge to bring to the table to assist you and your business in regard to research, communication with agents, vendors, transactions, paperwork and more.

I want to find someone who I can bring value to, and in turn I can learn the business and how to become successful in growing my own. Any suggestions are welcome, tips, tricks, you name it! I'm open to it all and I thank you in advance for taking the time.