Updated over 12 years ago on . Most recent reply
Approved for a FHA loan
Today, I was approved for a FHA loan with a limit of $60,000 loan. I'm looking for a duplex to start my investing, while I can rent out 1 unit. However, I haven't seen any multifamily properties that low in the Charlotte area. If I get a single family home, condo, etc for myself, will it cashflow? My loan officer is already telling me I would be paying about $500 a month for a $60,000 property.