I am interested in purchasing a fourplex with a 3.5% down, FHA loan. Currently I am in grad school and attend school out of state to where this property is located. I spend about 6 months in St. Louis (where this prop...
hello all- Tax question.Can someone who purchased their home w/ FHA financing sell 6 months later and roll profits into a 1031 exchange in order to reduce tax thresholds? or would you recommend a better strategy? Prim...
I am looking to purchase a multi family in Dallas. Duplex, Triplex, or Fourplex. I know that you can get a multi financed with an FHA loan (http://www.fha.com/lending_limits_state?state=TEXAS) and that there are incra...
Hello Bigger Pockets,I am a brand new investor looking for my first deal. My goal is to have this rental property by August 2019. I am looking for a single family home in the price range of $160,000-$185,000 in the Mi...
I was to purchase a condo in Washington DC this month. I had a pre-occupancy contract which expired the day before the FHA certification and financing. The contract ended as it was to be the settlement. The sett...
To make the question more clear: Can I buy a property with 5+ units and only lease out 3 of them in order to obtain an owner-occupied FHA loan?For example, say I buy a 12 unit property. For simplicity, say they are al...
Hi Everyone,
I am interested in buying my first property. I am using a REA and he just sent me an email saying that the property is zoned commercial and FHA financing is not acceptable. I guess my question is, how do...
I really need help here to anyone that can provide insight! Here is what I was sent: It is very confusing to me! - - - - - Email from my Realtor - - - - - "Hi Tim,This lays out what it looks like to use that $7k cred...
Hello BP community,Question: Did I screw myself and lose the opportunity to use an FHA loan with say 5% down?Back story:I bought my first SFR as a primary resident with 20% down on a conventional loan. I would like t...
Hi BP Friends!I am searching high and low for a multifamily property on the north west side of Chicago that cash flows -- no easy task! A lot of what is on the MLS is overpriced from a cashflow perspective and when I ...