While purchasing under market value is a great opportunity, stretching your budget too thin can add significant financial stress, especially during the renovation period.

You also pay less in closing costs overall since you aren't paying lender fees on the purchase loan.  

Purchase price: $747,500 Cash invested: $130,000 Back in 2021 I jumped on a duplex that has 4BR/3BA on each side and is walkable to The BeltLine (an area popular with ATL's younger community).

Hello BiggerPockets Community,I have an opportunity to purchase five 1-acre lots on Montana Ave in El Paso, Texas.

With you being qualified for an FHA loan on your next home that you're purchasing, will you be using the rental income from your departing residence to offset the mortgage payment on that property?

I purchased a home here a few years ago, brand new.

when you purchase a property, there are closing costs on top of the purchase price, and closing costs can be substantial - especially if there are points on the loan. 

During this time I did not have any utilities turned on, and when I called to have the water turned on today, I was told there was a charge of close to $500 as a service fee going back to when I purchased the home in March 2024.

We remedied the situaiton by installing 1 mini-split on the lower level.At another ranch house with boiler heat, which the previous owner had updated with a newer high efficiency unit shortly before our purchase, we added central air with the entire unit and all the ductwork in the attic. 

Hello,I was wondering can you purchase a mutifamily home (duplex, triplex or quad) as an owner occupant residence with a USDA home loan?