Updated over 2 years ago on . Most recent reply
Quadplex DSCR FHA Conventional
What is up BP?!
Scenario here to get some input on:
I plan to purchase a quadplex(a tri might be okay) in 2023. I moved in June and a few lenders have told me to hold off when I asked about loan options because one of the considerations is FHA. DSCR has also been discussed. 5% down for owner occupied multi as well. My plan would be to sell my primary(cash poor but own 3 properties) when it is ready to go and use that equity for downpayment on a multi. My goal is to use the equity in this house to scale up as much as possible. What sounds like the best course of action to make this happen? I'm interested in any advice that you guys have!
-Max