Updated over 9 years ago on . Most recent reply
Help please
Good night,
I saw a fourplex I was interested in on the MLS and made an offer through my realtor. Initially i wanted to do FHA finance and house hack since my present property is a conventional loan. I was very excited, however, when I went to seen the property (I would say it is in a C- area) I don't think would live there. The numbers were not very great with a FHA loan, but I thought it was doable for 10% down and I could keep my cash to do something else. If i take the conventional route it will take away all my funds. What is the best route to go?
Fourplex
Asking price 326k
Income 4100 monthly
Taxes 7500
Insurance 5000
landscaping 160
Water/sewer/garbage 500