Mark Malevskis
FHA Loan Question Regarding 75%
Hello all, I had a question about the FHA 3.5% down payment loan. To my understanding, for instance if it is a 4 unit property, to qualify for this loan, 3 of the 4 units must cover the entire mortgage. Does anyone kn...
Henry Lazerow
FHA increases multi unit limits for 2021!
New limits. These go in affect after Jan 1. The biggest change is to 4 units which are my personal favorite type of building for cashflow and house hacking. The self sufficiency test still applies to 3/4 units but man...
Sangwon L.
1st investment. Moving to Sacramento. Buying duplex and do househacking. Need advice!
Hello!
This is my very first post on BiggerPockets. I have been reading the forums without an account, and I think it’s now time to step up and ask for some advice from experts!
My fiancé and I are planning to move ...
Steve Balinski
Very disappointed in BP RE: house hacking 3-4 unit
For the last few months, i've been VERY eager to start my vision of becoming financially free through the house hacking method. I've listed to MANY BP podcasts explaining how people buy a duplex or 3-4 unit property ...
Alnazir Blackman
[Calc Review] Help me analyze this deal
View reportThis is a triplex in Northern NJ that I am looking to house hack. Let me know what you guys think. This is my first home will be financing with an FHA.
*This link comes directly from our calculators, base...
Amy Lee
FHA vs conventional loan
What would be the perks of using an FHA loan to househack on a multi family home (duplex-triplex)? There's the lower down payment but that makes your mortgage higher, you have to pay the the PMI (I forgot the term on ...
Bradley Johnson
FHA Loan Triplex/Fourplex
I was recently in escrow to purchase a fourplex via FHA but fell out because the property didn't meet the self sufficiency ratio. The underwriter calculated the self sufficiency ratio by taking 85% of the gross income...
Austin Negron
Most Important Rule To Know For House-Hackers
I'm a strong believer that a house-hack is one of the first steps to wealth and financial freedom.However, this one rule is overlooked and constantly kills deals before they even happen:The self-sufficiency test. I ta...
Rhea Jeong
Rental income consideration to mortgage
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...
Alan Asriants
The FHA Self Sufficiency Test is not passing for almost all 3-4 unit properties
As an investor agent who started with House Hacking, I also help clients who are looking to get into the Real Estate game by House Hacking.House hacking is an awesome strategy that lets newer investors and homeowners ...