Hey guys,An opportunity to purchase a four-plex just came up and I'm pretty sure I can't make the 20% down payment. I currently have 2 conventional mortgages on a SFR and a Triplex in Texas.The property is in New Jers...
Hello, I'm trying to start house hacking with FHA loan and I got a question. I'm planning to buy 4 units in LA area and I'm going to rent out 3 units of course and make one unit in my space. But for my own unit, I'm n...
Hi all,I'm interested in purchasing my first investment property in the Tampa area (either a duplex or triplex). I'm new at this, so any leads or advice would be appreciated. I'm also interested in meeting General Con...
What is the most units you can have for a multi family fha loan
Any experience with this product offering? Is it worth it? 2500 to set it up and the 400 a year maintenance fee. Allows me pull money out IRA and invest it into real estate.
Hello,I was considering living in one unit in a 9-unit apartment. Since these are valued based on income, would it be possible to pay myself rent to represent the fact that this apartment should/could be valued at 9 u...
Some good news was announced today for folks who are looking to house-hack a 2-4 unit property. Fannie Mae just released an update stating that, effective November 18th, they are increasing their max LTV requirements ...
Starting November 18, 2023. Huge NEWS!! 5% down on 2 to 4 units with Fannie Mae. NO SELF SUFFICIENCY TEST! You can now use rental income from other units unlike FHA.
49% DTI if you qualify, Mortgage insurance YES...
Hi all-Getting close to closing on a prop about 90 miles from where I live. My first STR, and plan on splitting between self use and renting to help offset costs. We've sent out a cohost request and most hosts are a...
After starting my LLC I'm looking into starting up a Solo 401K with it. Came someone explain it more so I can get a better understanding?