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Updated over 10 years ago on . Most recent reply

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1
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David Williams
  • Virginia Beach, VA
0
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1
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Not Quite Sure How to Start

David Williams
  • Virginia Beach, VA
Posted

Hey everybody. This is my first post and just thought I'd get some advice on how to start, but first I'd like to give some more information on myself. Im young, and I work a full time job with crazy hours that nets me just over $2k a month. I currently live with a friend, but was looking into buying a small multifamily home. I have around $8k to invest with at the moment. FHA seemed like the way to go, but because of my car payment (sick of my many Craigslist cars dying on me) I'm not sure I'd be under their 41% of debt rule they have. At least not after taxes anyway, I'm not sure if they measured it against my gross income. Any suggestions to help me out?

Thank you.

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