Hello my fellow BP members I am so EXCITED to announce that I was approved for my loan today!! I am going FHA and pursuing a 4 plex. I wanted to ask some basic questions, so I will be owner occupying 1 of the units and renting the other 3, but wanted to see if anyone else started this way and had any advice for me? Since I am a Realtor I get to put my 3% commission down towards the down payment and closing costs. I must say that I am pretty excited to begin my real estate investing, but feel nervous well. I have educated myself as much up to this point, but any insight would be much appreciated !
wow! Congratulations! very exciting.
I wonder if you play the "I'm just the manager, not the owner" card if you live there. Maybe someone will chime in on that aspect.
I have been thinking the same I asked on another post, but most told me just state you are the owner
Going that route you can basically get in with very little out of pocket costs. You can't beat that. I am happy for you!
thank you I still need to contact you, but just been extremely busy.
Congratulations!! That's really exciting! I hope to be doing the same within the next year
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