Househack 1: Bought in 2022 (Jan). 430K for a 2 family.

I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).

Hi @Jasniry Antelo Championsgate has alot of options in both single family and townhomes.

I bought 100k homes for blue-collar working families that rented for 1000 dollars a month that more than paid for all repairs, vacancy, insurance, professional property management, and capital expenses."

I have 3 family members with me who are going to help -- but we've never done anything like that before - is it hard?

I transitioned from single family after BP Con last year. 

I'm wanting to put 20% down and have a 1st position 30 year amortized mortgage with a 2nd position loan (a private loan from a family member) to finance the property.

@Connor Golden While I’m not really finding any 1% rule deals currently on single family homes in my market in New England I’m still finding them on small multis.

Hello BP family!

So, if I am planning to use FHA loan to buy multi-family (2-4units), I can only afford duplex at this moment because of high interest rate, right?