All Forum Posts by: Harold Tampoc

2 blocks from the beach, you will get some salt air damage, there will be maintenance, but not like ocean front. I am currently working on an ocean front home in Monmouth Beach, which is not far from Seaside. During the winter there is a slow down off people but ......

THANK YOU, very helpful info... hopefully the income would cover the maintenance??, im still trying to get realistic numbers during winter and summer in order to cover mortgage and maintenance.... 

FHA to purchase a 3 unit! That's the best! Good for you! With minimum Down payment, and premium rates - I think you'll do great. I'm trying to free up my VA loan on my primary, in order to use it for a multi family. Getting owner occupied financing makes the deal that much better. For you, you can see the value in a few years and drop the mortgage insurance too, with a conventional loan. Best of luck!