All Forum Posts by: Haider Nazir

What is the best way for an investor to obtain a accurate Comparative market analysis report for a residential multifamily property? 

How to determine a reasonable offer price on a residential multifamily   property ?

@Charles Carillo Thank you for the response.

Is the price of a multifamily property with four or less units  determined by comparable sales approach  or it is  based on net operating  income like commercial multifamily property?

I'm applying for an fha loan and my downpayment is gift from family friend. Do I need to provide the trail of money from my friends account to mine or Im exempted from the requirement as funds are seasoned for more than 60 days?

Hi everyone! Im looking to buy my first multifamily house with Fha loan. It requires 3 to 6 months mortgage payments  as reserves. Can the reserves be gifted or only the downpayment  can be a gift?

So this means even if im first time home buyer still I can use projected rental income?

Hi everyone! Im looking to finance a multifamily property with fha loan. I just wanted to know if projected rental income from subject property can be used as qualifying income or not for the first time home buyer. I talked to quicken loans about it they said it can be used only if you are not a first time home buyer according to fha guidelines. Im not sure if projected income will be used as a first time home buyer or not. Please let me know if quicken loans is right ?  Thanks in advance