Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
Hello all,
I am first time investor and I’m looking at multi family houses in NJ. With my current salary I can only borrow 300k and it will give me limited directory in the market I’m looking at. I heard some lenders...
I have recently been rolling around an idea for early "retirement". I'm sure I am not the first person to have considered this so I am looking for other opinions or potential pitfalls I have not considered. The idea w...
Hey all!Closed on our first multi family a few weeks ago. We currently have each meter separated out, but has 100A service. The units have electric furnaces, electric water heater, no washer/dryers, and the range is g...
Hey Everyone,I hope everyone is having a great holiday season! I’m looking for guidance on whether it’s worth opting for a rapid report for a cost segregation study, which is less expensive than a full site visit. Wha...
One of my rentals has the washer and dryer in a shed behind the house. My renter just pointed out that only good water runs to the shed and she wants to use the washer with warm water. What are my options for adding w...
I am rehabbing an old fourplex in the Los Angeles area, consisting of two detached duplexes. The electric panels need upgrading and it is a huge cost since DWP is requiring that I put all the new meters (4+1 house pan...
Plan to order a structural engineering study to determine if the house has sufficient foundation to add a couple rooms above the back. I am assuming (happy to be corrected) that I would need to break it into several p...
When it comes to choosing the right countertops for your home or a renovation project, two popular choices are granite and quartz. Both are natural stones that can enhance the look and feel of any kitchen or bathroom,...
First time home buyer trying to house hack in San Diego. My lender has mentioned I can’t do FHA for triplex or 4plex and need to put a minimum 15% down. Is this the case? I am looking at FHA for duplexes but a lot rea...