All Forum Posts by: Matthew T.

Thanks for the responses, any more feedback would be greatly appreciated!

Hello, I'm not sure if this question was asked before but what are the best cities and/or states that have the best property tax rates? What I mean is, I know in certain locations when you change from owner-occupied to rental your property taxes go up tremendously so what cities and/or states are the best to buy property in to offset this property tax situation? Thanks!

Thanks Sydney, I appreciate that! I will check out those links now.....

Hello,

Is there like a step by step process for renting out your property? What I mean is, can I find a process from start to finish on how I can get my property rented out the quickest and most efficient way? I'm in the middle of obtaining a duplex and I'm trying to get one of the units rented out. I know there's lease agreements, marketing, tenant screening, home warranties, contractors, etc. I find bits and pieces scattered throughout BiggerPockets but I couldn't find a detailed step by step process. Like Step 1 (fill in the blank), Step 2 (fill in the blank), Step 3 (fill in the blank), etc. Unless I overlooked it because I know there's millions of threads on here. Can you please share your step by step formula for getting your property or properties rented out? If someone can point me in the right direction that would be greatly appreciated.

Thank you!

 I appreciate it Justen, thanks for the heads up!

Thanks for the advice William!

Hi Joel! This new job I would be entering is in the same field as my current occupation. I would be having different job duties but the industry in which I will be performing these job duties is the same as my current occupation. One reason I don't want to close now is because of my current salary. I was approved for an FHA not too long ago but for only a certain amount which was $100,000 but the multifamily properties that I'm interested in cost a little more and since I would be making more money that would put me where I need to be. Also, the lender that approved me doesn't perform FHA 203k loans which is a loan that I'm seeking as well.

Hi Albert! Yes, the new job would be in the same profession and industry. I would be doing a totally different I shall say "task" but overall it would be in the same industry. I would be getting compensated on an hourly basis just like my current job.

Hello,

I been at my current job now for over 2 years. I'm about to change occupations for more money and the opportunity to advance myself. I was wondering if I change occupations, will I still be able to qualify for an FHA loan? I have decent credit with all three scores ranging from 662 to 700. I don't have any student loans, car loans or mortgages. I'm looking forward on getting a Triplex or a Quad (3 or 4 Unit). How long do I have to work at my new job before I can apply for an FHA loan considering I been at my previous job for over 2 years? Also, how much does a person need to have in reserves for a multifamily because I heard you need to have reserves for a 3 to 4 unit building. Any information would be greatly appreciated!

Thank you so much!

Thanks Phil! What about the length of time to live in the property before you can sell it?