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I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...
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Any recommendations for practice test books/courses to prep for the licensing test following completion of the course? Thanks!
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Hi everyone, finally in the middle of my first deal, SFH to use as a rental in Nashville, TN (hooray!)In addition to the general home inspection, would you recommend also paying $450+ for mold testing? Or would you wa...
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Hi Everyone - I have two vacancies coming up in a 4-unit building and I am contemplating testing the market to sell my building if we get a good offer. We were planning to be buy and hold long-term investors but the ...
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Hello BP community,Ok, I decided to focus on some major towns at Ohio (Akron, Toledo or Youngstown).What is the next steps ? Looking at property values ? Making contact with investors / contractors / property managers...
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I read an article recently about how Fannie Mae was increasing the LTV for 2-4 multifamily to 95% and the self-sufficiency rule would be eliminated. Is this true? I didn't see anything about this in the updated sellin...
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It is clear that neither method is perfect, however we want our first investment property to mainly be a cash flowing property. Appreciation is great, but for a house hack, we came across a 2005 home that does not hav...
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Different type of contamination.
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I've been working with a few people in the area to develop a better software for property management. The software focuses on maintenance and communication between tenants, managers, and owners. I am looking to fill l...
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I'm looking for some feedback to get an idea on how much I'll need to put back for taxes on capital gains from the sell of my first home.
Scenario:
I purchased my home March 15th, 2013. I moved in the w...