Assuming the buyer qualifies, the lender will only lend based the contract amount.

She is qualified to do the job and pose very little threat to any one.

I'm looking at a 5 unit right now and a lender is telling me he thinks I would still qualify with a larger downpayment.

Eric, everyone is spot on regarding you dialing in exactly what the arrangement would be, but that is quite a bit of money to learn an immensely valuable skill!

I realize I must still take the courses to qualify for the exam, but here's my real issue$60 Exam fee (one-time)$49 fingerprint fee (one-time)$245 license fee (annually)This is costly enough to make me ask if it's really worth it.

OO get first chance to buy in the first 15 days a property becomes available and if you qualify, you can get a homepath renovation loan if the property needs repairs.

The other big if is whether you will qualify for the loan.

Using the income = at least 3X rent qualifier is a non-issue with Section 8 tenants.

I especially love your multifamily valuation skills and new ways of exploring how to purchase them.

You just need to qualify for the loan based on the normal debt to income and other standard requirements.