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All Forum Posts by: Mark Fein

Mark Fein has started 2 posts and replied 81 times.

Goals, Business Plans & Entities

Post: Does building a 4plex for my first investment property make sense

Mark FeinPosted
  • Posts 91
  • Votes 38

The basic premise of your plan would work for the purchase of an exesting 4-unit. You will have a hard time accomplishing the plan with new constructions for the reasons other people have mentioned. You could purcase an existing home with 3.5 % down with FHA financing, but you cannot carry two mortgage with FHA. So the second purchase you would need to use conventional financing.

0 Votes
Grand Rapids, Michigan