I was thinking of using an FHA loan to purchase a triplex since up to a 4-plex is considered residential so I thought of using FHA. I just found out about the FHA self-sufficiency rule that does mot qualify triplexes...
Excited to share that I just closed on a newly remodeled Triplex as my first home purchase and 2 blocks from the beach! Passing the Self-sufficiency test on 3-4 unit properties with FHA financing is truly a nightmare....
Hello!I am currently looking to buy my first house and turned into a house hack with a fourplex,Anyone in Texas that can recommend me lenders to get 3% or 5% as down payment since the lenders I have talked are asking ...
I currently live in Massachusetts and own a 2 bed 2 bath 1300 SqFt condo in Boston. I’m trying to house hack a triplex in Boston as my next venture. On the bp podcast and pretty much all over social media, house hack...
This is just my 2 cents on what strategies I recommend for new home buyers/investors. Everyone's journey is different
If you can, I think buying a solid 2-4 unit property in a solid area utilizing an FHA loan is an a...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Buy & hold 4-plex with deferred maintenance. Below market rents, FPE panels, fuse subpanels, mold, leaky roof, non-compliant sew...
Hello BiggerPockets Community,
TL;DR: Looking to house hack up to 4 units in NJ/NY using FHA loan + 203(k) rehab, can handle 3.5% down payment + closing costs on my own (+/- $100k-$150k)
I’m a new investor in my ear...
Hello, I have a question on FHA loans. Im looking to get one for my first duplex/tri or quad whichever is best deal. I have a close personal friend willing to go in on the deal with me. Is this something I can do? Do ...
I want to share this program with the group for those that are not aware of it. Freddie Mac has a program that allows only 5% down on 2-4 units. This is a huge opportunity for savvy home buyers because you can get i...
Im trying to buy a triplex, i have the right income, the right savings but i was told that for a 3 family house the bank calculate the rent of the 3 unit and multiply it for 75% than if the amount is less then the mor...