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 ...
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...
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...
Michiel Hart
earnest money for contract
Hello BP, how much money would you need down for a purchase agreement for a property under $40k in OH as a wholesaler. Just asking because some use a percentage rule and some just use $10 that I've seen.
David A.
Lenders for an FHA 4plex with 3.5% down?
I've been running into a wall where the lenders I've contacted about getting an FHA loan for a multifamily will only work with duplexes maximum with a 3.5% down payment - for a 3/4-plex, they require 20-25% down. From...
Ben Volkman
DFW Dallas FHA Lending - True or False?
Dallas/DFW - I was speaking with my broker and she only had 1 lender who would do an FHA on a triplex (trying to do owner - occupied house hack). The lender said that in order to qualify for FHA the 2 non-owner occup...
Steven Terrell
Looking to acquire our first house hack next year!
Hey BP family I need some guidance. Next year my fiancé and I are looking to acquire our first tri-plex or quad-plex to house hack. She works a w-2 job (Old National Bank) and I'm a 1099 contractor (RE Agent).
I've o...
Stewart Wyne
The Log House at Sugarloaf - Vacation rental cash cow
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $1,100,000
Cash invested: $250,000
This luxury custom log home is a 6BR 6 bath, off-grid eco solar home and...