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Updated over 8 years ago on . Most recent reply

User Stats

23
Posts
1
Votes
Kay Rock
  • Hollywood, FL
1
Votes |
23
Posts

Help please

Kay Rock
  • Hollywood, FL
Posted

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

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