I’m ready to buy mi first duplex/triplex for a house hack and wanted to go the FHA loan route strictly for the low down payment of 3.5% I’ve been self employed for exactly 1 year now, but the issue I’m running into is that every lender I have talked to (over 9 lenders now) have told me I need to have at least 2 years of self employment in order to get an FHA loan or any loan that requires under 10% down (even if I made good money my first year of self employment) I have 780+ credit score, no debt, no loans, no monthly payments on anything.

My journey officially began at 16 years old, right after high school, when my father and I sold the house he was going to gift me and my brother to fund our first vacation rental in Cozumel, Mexico.

What if your partner wants to sell before the rehab is done and you want to keep going? 

As a tax professional I would recommend going with a specialized independent attorney. 

You’r going to we the same taxes when you pull the funds out.

Rewey: Great post topic...I'm going to pop some popcorn and will be back for the show.Just to get things rolling.

@justin @Justin Kurtz  How is it going with your move to Abilene?  

Property values only going up up up for decades. 

what is the opportunity cost of those dollars not going elsewhere?

If it is a class C office building with 10% occupancy that is very different than a Class A MF which is still very different than a debt fund with zero leverage.As mentioned risk and return go together  - greater risk should have greater upside