In business, a coach can be very useful in many ways.So, I am all for paying a coach to help you improve on something specific. 

This gives you time to plan your next move, improve your credit, build up a down payment, and Next, the FHA mortgage can be used on property when you agree to owner occupy; if you want to use as investment, then find a plex unit and occupy one unit.  1 to 4 units are still considered residential, while 5 units and up require commercial lending.All the best~

I do plan on waiting about a year, and in this time I will take every step necessary to improve on my mid 500 score.

@Brian TranAlso, I am working on improving my credit before I do my first deal.

A general rule is to never put more than 30% on a card or that will hurt your utilization ratio.   

Both 3 unit houses cash flowed right out the gates and will continue to profit greater as I improve the places and raise the rents.

Hey guys,

First post on here. Just heard about BP from a buddy and soaking up as much information as I can.

I’m currently looking into Duplexes, Triplexes, and Fourplexes in the Niagara to Hamilton region in Ontario...

Please let me know your opinion of the 50% rule.

Something about improving my community just makes me excited to wake up in the morning and makes me feel like I'm doing something great for others and my community.

If you do take a loan from your 401k type account, investigate the repayment rules.