Correct you need to buy as an investor, or if you buy with a partner that will be living there you can put them as the owner living there and do an FHA purchase/first time home buyer (if they do not have any other homes and using that benefit already).

The disparity is even more alarming in Worcester, where median income has grown by 19.7 percent, while mortgage payments have surged a staggering 82.9 percent.It’s no surprise that home prices in Worcester have risen, but I didn’t realize the jump was so dramatic.What I’m seeing on the ground is that many of the buyers for multifamily homes (multis) in Worcester are coming from the east—places like Greater Boston.

Hello BP Community,I've managed to save up around $90,000 to invest in my first rental property. I live in Miami, FL and don't want to buy here since prices are incredibly high.
I want to invest in growing communitie...

Hello BP Community,I've managed to save up around $90,000 to invest in my first rental property. I live in Miami, FL and don't want to buy here since prices are incredibly high.
I want to invest in growing communitie...

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

For the tenant to be able to move in you need to -Go back and forth and fill out HAP contract and get it approved by CMHA -Get the property inspected and pass(if you fail redo this step)-execute the leases then the tenant can move in * Important note (you won't start receiving payments from CMHA till like a month or 2 later after you execute the lease.

I think right now there’s a lot of greedy sellers who just think the sky is the limit and don’t care that their buyers need a return on their money.

This same seller https://therealdeal.com/chicago/2024/05/08/first-chicago-sel... who tried to be greedy by offering $0 co-op for buyers agents.

Out of state "tired landlords" of SFH /or Failed MLS status that are vacant and non-owner occupied).

@David Herfel, connect with an investor-focused real estate agent in your respective market who has house hack before or routinely helps and services house-hack buyers.