All Forum Posts by: Joshua Paul

I'm considering getting into mobile home investing and ran into John Fedro's mobile home formula education program and am wanting to use it, but I'd like to know if anyone has used it? If so what was your experience? All feedback is welcome.

I’m looking into house hacking a 4 Plex property but I lack the upfront funds for a down payment. What are some creative ways that you guys have used to fund rental property down payments? Any special exceptions I should be aware of since I'm trying to house hack a 4 Plex?

@John Warren I have been made aware of the PMI fees by a few different people, but no one I have talked to has been able to give any good info on what those numbers look like. Is there a way I can calculate those fees ahead of time? What have you seen from your own experience?

I have been playing around with the numbers and I've found that using an FHA loan (which I am confident I qualify for) I can get a 4 Plex and have a really solid cash flow. This route is very attractive because of the very low down payment. Has anyone had any experience buying a 4 Plex this way? Also I plan to live in one of the units and rent the other three to tenants. Are there any hidden fees I should know about? Can I still get the 30 yr loan term with the 3.5% down payment? What are snags that you guys have ran into? Would you consider this a smart move for my first rental property?