Louis Trinca
Should I use FHA loan
Is it smart to use an FHA loan to purchase a multi family investment property as a first time buyer? Or should I pay cash for a single apartment. I thought it’d be a good idea to use fha loan since I’ve never purchase...
Aditya Maini
House hacking by living in basement in Northern Virginia (NoVA)
I am 26 year old living in NOVA area and will likely stay here for the foreseeable future. I currently pay only $900/mo in rent, but I am considering buying a townhome for $350-400k, living in the basement and renting...
Chase Harmon
Rehab Financing Strategies
Question: What is the best rehab financing strategy for someone with strong monthly income but minimal savings?Context: I purchased a duplex that requires a substantial amount of rehab. I am a strong believer in doin...
Steven DeMarco
Help with deal analysis on house hacking into a fourplex
Hello everyone - wanted some help fleshing out my thoughts on this deal analysis for a fourplex in Utah. I'd be owner occupying one of the four units and using an FHA 3.5% down loan. Also, I may have the option to get...
Stephanie Espinal
How much cash in hand should I have to start out!
Hello all:I am starting out in this new journey, and I want to start out with a duplex. I live in Orlando, FL. I have a realtor working with me already. He is sending me listings, but after doing research and analy...
Joshua Easters
Financing a home without selling existing home
Hi Everyone,I am going to be in the market for a home in Tampa, FL early 2018. I own a home in Ruskin, FL that I am currently renting out. I owe $40k on the home in Ruskin with a mortgage payment of $700. After buying...
Account Closed
Who likes puzzles? Help me piece together a deal.
Hi BP, I am preparing to ask a relative to sell me his small multifamily residential property in the city of Houston. He's getting ready to retire and move out of the city. I'm going to ask him to sell his propert...
Jeff Robson
What's the timeline on purchasing / planning to purchase?
Hey all, Looking for some input at this stage. I currently have no debt, $67k income, 6k saved, 800 credit, first time homebuyer in Texas, and I would live 100% exclusively in that home without renting to anyone else,...
Benita Matheson
How do I buy my 2nd property??
So I just closed on a small TRI plex and was able to get that property with an FHA loan. I have about 24k for a down payment on another property, but was wondering how people go about getting a second loan right afte...
Tim Shin
203k Loan for Multifamily home: What can we repair, who are the contractors, what are the limits?
Hi All,I'm back to investigating my owner-occupied quad-plex plan in Houston. I really want to try buying a fourplex with a FHA/203K loan but I don't know much about it. Are there loan limits for a 203k loan? What kin...