All Forum Posts by: Fatima Bassett

Quote from @Jeff Cody:

Definitely possible @Fatima Bassett, sounds like you're interested in House Hacking. You can house hack a duplex (or bigger) and live in one side and rent out the other side(s) to pay some portion of your mortgage. If you find a seller willing to finance the duplex to you, great. Or you could get an FHA loan and put down a small down payment. Why are you looking at owner financing, just curious?

Hi Jeff! Thanks for your input on this. I am considering owner financing because I wanted to speed up my plan of purchasing my first property in the year 2024 instead of continuing to spend time saving for that down payment with an FHA loan. However, I'm not sure it will be worth doing anymore because I would like a newer building and most of the time with owner financing it seems like the buildings are usually older. 

Hello!

My name is Fatima Bassett and I am trying to jump into real estate within the next year and I just discovered the owner financing option. However, I not only would like a multi home property but also a multi home property that can be my primary living residence.

My question is are you able to live in one of the units when using the owner finance strategy or would I have to go the FHA loan route?

Any advice would be greatly appreciated. Thanks!

Hello!

My name is Fatima Bassett and I am trying to jump into real estate within the next year and I just discovered the owner financing option. However, I not only would like a multi home property but also a multi home property that can be my primary living residence. 

My question is are you able to live in one of the units when using the owner finance strategy or would I have to go the FHA loan route?

Any advice would be greatly appreciated. Thanks!