Purchase price: $440,000 Turn-key wrap deal at 0% interest!

Account Closed- thanks ...you should get pre approved for a hypotehtical purchase scenario for an investment property so that you can  1) educate yourself 2) get organized  3) determine if you are able to qualify 

Where I have had luck and seen many of my clients making it work is on bigger 3/4 units in class A/B areas where ARV goes to 800k-1.1 million, as provides a big enough margin.

We wanted to purchase a small multi family to house hack and we did it!

Do you need to sell to use the funds for the move and new purchase? 

Estimated lender, underwriting fees are around $4,800-$5,500 if on the lower end of the purchase price ($100K and below for example).

*This post does not create a CPA-client relationship.

I want my next purchase to be a 4-unit multi family property.

There must be other ratios that come into play to limit investment purchase size to income? 

I purchased a 4 unit property 18 months ago in the detroit area.