. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Thank you and be well-ShawnT Buyers aren't necessarily interest rate shopping they are shopping for affordable payments.

We would all love to have that note that has 5 years of perfect payments, 800+ credit score and a 20-25% down payment. 

Your payment went up $1,000/mo but the taxes only went up $5,200 which would be less than $450/mo.

Options - collect full payment for the 3 months up front and lower the deposit to secure against damages only, require insurance.

Because instead of collecting one rent check per month, you’re collecting multiple payments from different tenants.

It won't change the payment unless you refinance.

House hack a 2-4 unit with the lowest down payment loan you could find. 3.5% FHA or 5% conventional.

(aka the BRRR method).But, if you stay on the sidelines, acting fearful and not greedy, you will reap the benefits of neither.Again I do think we see an early pullback in 2025, in the first 100 days.

When I tried to get it when my side of the family found out and tried ti take over reverser mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.