All Forum Posts by: Jason Favaloro

Hey everyone, I have a question about fha loans. I currently own a 3 family property which I bought in my own personal name through a local banks first home buyer program (not fha, just the private banks version). It required 11% down. About a year after owning, I moved the property over into an llc that I created. Now I am pursuing a relatives 4 family, which I would like to live for a bit, until I can refinance (the land includes in the sale is sub dividable and once I got through the process, I will be able to increase the properties value, or sell the land off). I am interested in buying the 4 family with an fha loan. Will anything about owning my current three family prevent me from doing this? Thanks in advance for the feedback !

Hey everyone. I am inquiring about SRO renting. I currently rent a unit through section 8, but they told me they do not deal with SRO rents. I have a building in an area of town where I think SRO rentals would be beneficial to both renters and myself. I am wondering if anyone has any info on what programs deal with these type of rentals, and if anyone has any experience with it I’d love to chat as well.