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1 June 2023 | 63 replies
The income will probably not be sufficient to live on so I would recommend you pick up another full-time job.
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23 May 2023 | 3 replies
In addition, the owner of the home must not own more than three single-family homes.They are unable to provide sufficient documentation, such as the emotional support animal letter, that verifies the ESA is necessary for their health and well-being.
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23 May 2023 | 21 replies
If you are going to use an FHA loan, it will be important to remember the rules of FHA's Self-Sufficiency Test (SST).
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18 January 2022 | 2 replies
.- Your unit revenue and quantity has to be sufficient to offset the "costs" your putting in.
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19 November 2023 | 13 replies
Not to mention, FHA has a self-sufficiency test you must pass on a 3-4 unit.
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28 January 2023 | 10 replies
Maybe even consider FHA if multifamily is the route for you with 3.5% but you will need to past the self sufficient test if you are acquiring a triplex/quadplex.
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23 October 2018 | 6 replies
If I were planning to consult with a tax adviser and attorney to work through this process, I assume that would be sufficient to mitigate the risk.
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23 October 2023 | 10 replies
FHA has an added guideline on 3 and 4 units called self-sustainability or self-sufficiency (i always mix them up). basically it means that the rental income from the units have to fully sustain the PITIMI, or else its a no-go.
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15 December 2022 | 10 replies
I don’t coach in those things because I don’t feel my experience is sufficient in those area yet.
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25 May 2023 | 25 replies
People who live in high-crime locations and have sufficient income will leave.