All Forum Posts by: Eric John

We purchased a townhome with the intent of living in it long term. It turned out the neighboring tenant was a raging alcoholic with mental health issues. He was blasting his music late one night and pulled a shotgun on me for asking to lower his music. I have a young son and the living situation was unacceptable, so we didn't renew a lease with good tenants in our rental house across town. The situation cost me good tenants and money during displacement. I had to rent the townhome out before the year requirement, but I would consider this extenuating circumstances (I have two sets of police reports). We are much happier in our house, and my tenant has the situation handled. My issue is that I'm in a position to acquire another home through conventional but don't really know how the FHA thing comes into play. Any insight is appreciated.

Looking to kick 2017 off with an acquisition. I dealt with a mortgage broker on a purchase last year. I read that direct lenders that deal with investors may finance up to 10 properties through conventional if the fundamentals are there. If anybody has any local recommendations, I'd be much obliged. Also, noticed there isn't a regional thread for the Panhandle. Might be something worth starting, what do you think?

Thanks for the input. Understanding in longer holding periods that Murphy's Law can catch up to you. The cash flow margins are pretty tight in my neck of the woods considering the 50% rule. It would cover with a little juice but it would be an appreciation play (growing rural town). A bit on the fence regarding a quad versus SFH for the next move.

Looking at next property purchase. I'm looking at methods of analysis. 50% rule specifically. It seems a bit over conservative for SFH. I could certainly understand it to be useful for multi-family. I rented my house for several years and the expenses were nowhere near 50% of rent each month, plus I had long term tenets. Thanks in advance for your input.

That's kind of a bummer @Brian Eastman . Being I got decades before I can tap into my retirement funds, looks like I will have to find another way to finance the project I have in mind. I appreciate the info. 

Thanks for the input. Putting a little more thought into it, I'm going to consider purchasing land with an SDIRA and will see what it will take to build the quad. 

I appreciate your help everyone. 

Hey guys, I'm looking to purchase a multifamily unit, a quadplex to be exact, with the focus being on producing more household income. I'm considering either using a VA loan to build new or use an SDIRA for a down payment on a conventional loan.

 I was wondering if somebody could help me understand how rental income would be treated off the property if I used an SDIRA. Also, I'm kind of assuming that it can be used for a downpayment and not the entire ask. 

Thanks in advance. 

Hello all, 

I've done a few buy hold deals in the past, mostly dabbling, looking to up my game. I currently own a townhome that is up for rent and a decent sized SFH that I'm moving back into after renting for several years (long story).

I have a fair amount of property management experience in the vacation rental world and currently work for a web company that specializes in interactive content for real estate. 

The rental market seems to be hot in my neck of the woods, and I'm looking to get more involved. My goal is to start with a quadplex through a VA loan.

I look forward to getting to know some local investors and property managers.