Here are 4 going on tonight: 5:30PM FORECLOSURE INVESTORS WEEKLY MEETUP6:00PMEVERETT REIAREIA Master Mind Group MeetingOpen exclusively to REIA Members!

in scenario 3 you can pay tax or do 1031 exchange if you wanted to purchase additional property with the funds.Don't forget you'll be paying 25% depreciation recapture if you sell, regardless of how & when.I hope that helps.Good luck,Joe

What information do I need to gather from the agent / seller, and what additional due diligence do I need to do when evaluating this property versus when we evaluate SFR & Duplex?

I'm gearing up to make my first purchase and I think that my best move right will be to find a 2-3 bed room single family that I can live in personally and rent out the additional rooms.

The two most popular options seem to be using 15% downpayment if buying a duplex or by using an FHA loan that requires 3.5% downpayment plus additional fees depending on the total loan amount.  

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

Additionally, you have some marketing dollars to ramp up sooner.

I am currently witnessing the latter with my friend's addition(over 2yrs in the making). 

My firm offers plenty of 3-4 unit properties exclusively and I would also recommend going to TruMortgage.Shoot me a message if you are free to stop by.