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12 January 2022 | 14 replies
@Jessica HuynhWith FHA, you also have the ‘self sufficiency test’ for 3 & 4 plexes which is an additional hurdle that most can’t get over in higher priced markets.75% of the entire rental income must cover PITI, which is why a lot of multiplexes don’t qualify for FHA loans without a bigger down payment.The only way to get 10% down programs will be with local credit unions and community banks that offer portfolio/ ‘in house’ loans for owner-occupied plexes.
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15 October 2021 | 6 replies
The Self-Sufficiency test makes it pretty much impossible to get a desirable property with less than 10% down.Single Family REITS have also greatly outperformed multifamily in the last years and now institutional players are getting involved.
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30 September 2021 | 11 replies
Evolve is 10% usually, but they provide very little.Do a search on this forum and you'll find tons of data on STR PMs.
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16 September 2021 | 55 replies
To test it I swapped a bulb from the fixture next to it and it worked just fine.
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15 September 2021 | 5 replies
(Link to Redfins Latest Data on Homebuyers Migration)"Miami has consistently made the top 10 list since Redfin began regularly tracking quarterly migration in 2017, but has never taken the number-one spot until now.
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10 September 2021 | 0 replies
I was a big fan of how data driven and factual their discussion was.
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10 September 2021 | 1 reply
Does anyone have experience pulling county data to find off market leads in Riverside, San Diego, and San Bernardino Counties.
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13 September 2021 | 29 replies
She is clearly testing the waters.
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10 September 2021 | 0 replies
This issue thought me big two things, one never inherit tenants and two even if you do not have the social security of the tenants you can report delinquent to the credit business bureau, I use Sperlonga Data & Analytics if you are interested.
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8 January 2022 | 24 replies
@Scott Calafiore,MLS data below shows signs of a cooling w. the decrease in % of selling price vs list price.