Jacob Gardner
FHA 3-4 unit self sufficiency test question !
Hello, so I have been searching for a 2-4 unit to house hack using an FHA loan. I found a triplex that I think would be perfect for me. I called my lender to get an updated pre-approval to send with my offer, and he t...
Ben Hunt
How strict is the FHA Self Sufficiency test?
I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...
Amir Navabpour
New AC Unit not cooling the house sufficiently
I had a brand new AC unit installed in July. Yesterday, the tenant put a repair ticket in, in it she said "ever since this new AC unit was installed, the house will not cool below 77 degrees." I just got off the pho...
Cory Berg
FHA Self Sufficiency Test for 3/4 Units
I am currently trying to buy my first House Hack in Houston, TX. But i'm having trouble finding a property that meets the self sufficiency test where 75% of the total market rent has to cover the entire mortgage. Is a...
Kris Pisacane
Property Under Contract and FHA Self Sufficiency Test Failed
Hey everyone,
I currently have my first property under contract in Philadelphia. This is a 4 unit property that I am using an FHA loan to purchase with 5% down. The house is set to close this Friday and I just rece...
Seth Tate
House hack fourplex - FHA Loan self sufficiency test Austin
Searching for a fourplex to house hack in south Austin, TX with an FHA loan. Struggling to find anything in my market that will pass the self sufficiency test using an FHA loan with 3.5-10% down. I’ve been looking for...
Sean Dezoysa
Are sites like LegalZoom sufficient for non-standard contracts?
Anyone use a low(er) cost legal site for documents more complex than a standard lease? I am looking at having a partnership agreement written for the purchase of a property. I need the split of final sale price and ot...
Ki Lee
Agent not giving sufficient notice prior to entering unit?
I’m under contract to sell my 3plex in Chicago. The tenant notified my PM that the buyer’ agent entered the unit for showing to a prospective buyer after only 24 hour notification (48 hours is required by Chicago RLT...
Alex Huang
Cashout (BRRRR) Refi on SFH - Quit Claim Deed Sufficient?
Purchased a home that is just about finished with its rehab. The house was purchased with cash and I would like to get the cashout done ASAP so that I can leverage the money to go buy something else.Unfortunately, I m...
Vidyadhar R.
FHA lender who do not require self-sufficiency test?
Dear members, when I reached out to a lender in regards to purchasing a 3 unit MF in NJ, he ran numbers and responded that it won't pass self-sufficiency test. Is self-sufficiency rule mandatory for all FHA loans for ...