All Forum Posts by: Yasmin Mohamed

I want to get my first multi-family home using an FHA Mortgage but I won’t have the full funds for the down payment and closing cost. I do have a great credit score and debit-income ratio. Any suggestions on how to come up with rest of the down payment and closing cost?

Just finish listening to Episode 196 with Brandon Hall who is a licensed CPA. He mentioned that forming an LLC is important. What are the benefits of forming an LLC for rental properties?

I was curious if a property was MLS for a long period of time should I be nervous?

My 2018 goal is to purchase a triplex or quad in the Philadelphia area. For the past 4 months I have been listening to podcasts and reading books about real estate. I keep hearing different rulings regarding a good Cap rate. What do you think is a good cap rate for a Multi-Family home?

Thank you for your response.

I heard several rules regarding purchasing a multi-family home using a FHA LOAN. I was wondering would I be able to purchase a multi-family home(triplex or quad) using a FHA Loan? I will be house hacking in this property too.

Thank you for the information! I will definitely read the articles. I do believe I need to understand "what is a good deal" before I even purchase a home.

I have been listening to several podcasts to prepare me to purchase my first rental property. I am stuck because I don't know what is a good deal. I heard a couple of times about the 2% rule but I am having a hard time finding a deal that will get be 2% of my purchase price. I am currently looking in the Philadelphia Area. Should I change and focus on a different location?

Thank you William. I'm not sure how to inbox someone one the app. Is it possible you can provide me your email address?

Thank you for the response Joseph. I never heard of the FNMA Homeready or Freddie Home. I will have to do a some research. I noticed that you will be attending the Coffee and Cash on front st. tomorrow. I will be there as well. Hopefully we can chat!