When there are two or more borrowers, but one or more will not occupy the property as his/her principal residence, the maximum mortgage is limited to 75% loan-to-value (LTV).Borrowers should take note of some exceptions to that 75% limit which are based on family-type relationships.Borrowers are eligible for maximum FHA loan financing for non-occupying borrower situations for FHA loan applicants who are related by blood, marriage, or law.

Best thing I have ever done in my life (except for marrying my wife and having 3 beautiful children:) I am now running a successful real estate brokerage expanding across the state.  

Contact your plan administrator to confirm.If this is an old plan from a former employer then there are many firms who can help, including some on BP.If you are self employed and are the only employee in that entity (except your spouse with some limitations), look into a solo 401k vs a self directed IRA.Good luck.

However, except for maybe a few properties, the rent to house price ratio indeed makes no sense so I'll look around to other nearby areas.Another question I have is, up to what $ amount can you deduct interest and property taxes on rental properties?

I've never really been at a job for more than a year except for the one I'm at now just because I have grown a bit here but I really want to branch out and try to do something different that will take me somewhere, plus I have a family that will be counting on me soon.

I've never really been at a job for more than a year except for the one I'm at now just because I have grown a bit here but I really want to branch out and try to do something different that will take me somewhere, plus I have a family that will be counting on me soon.

I do not own many other assets except the duplex I'm house hacking right now and hopefully this three family.

Hi @Anthony Portugal,Nothing jumps out at me, except that you are posting this on BP because your LO apparently doesn't think it's important enough to make time to explain it all to you... that doesn't bode particularly well for how it's possibly going to play out once in contract and paperwork is flying 100 mph!

Once they completed all the concrete, plumbing, electrical, and framing which seemed like quality work as far as I could tell, except for the several issues I took up with them, they got to doing interior work.

(unless you have a well-connected Realtor like my mom so I'm kinda the exception to that rule.)