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...
Hey BiggerPockets Family! I wanted to share a big win with all of you. I closed on my first Apartment deal, partnering with my mentors. See below for deal details and the story. Deal Size: 18 unitsLocation: Knoxville,...
Where are the best places in Washington State to start investing?
My wife started a new job and one of the benefits is a 30 year fixed loan at 1% with 20 percent down up to 1.5 million. I had her ask if we can purchase a multi-family and we can up to a fourplex and still qualify fo...
Hi, im thinking of using a FHA to purchase a 3 family property in seaside heights 2 blocks from the beach (450,000), living in one and renting the other 2, any advise anyone can provide??, is this a good place during ...
Hello everyone,
I am very new to Real Estate and excited! I am partnering with my cousin to begin and then expand our RE portfolio. We are looking to purchase a Quadplex in the Atlanta area to househack by the end of...
Hello! I want to be sure I have everything ready to go. We close on a duplex in St Paul on October 5th, and we want to be sure we hit the ground running. St. Paul's site isn't exactly explicit on everything you need, ...
Hello! I uploaded a different post on multifamily, but this one relate to house hacking. Has anyone had experience in house hacking a 3-4 plex and using different rental strategies on each? For example, living in one,...
I am curious to hear if you have converted a church property into a short term or long term rental? What were unexpected things? What went well? What did you do with all of that space/how did you divide it, if at all ...
Hi All - I'm pretty new to the BP community but I'm highly motivated to officially get started with REI via a 4 unit multi-family home. My current plan is to live in the downstairs 1B 1BA apartment, Airbnb two of the ...