Updated over 3 years ago on . Most recent reply
Rental Property Estimator Tool- newbie looking to start investing
Hi Everyone!
Looking to start investing by beginning with small multifamily property. Looking to use FHA loan because I hope to live within the property. I have several questions on how do you know which lender do you begin going to, to get pre-approved? As well as, using the rental property tool, if your cashflow is negative but you are saving by not paying for a place to live and still working other job, does that matter? I know obviously you want to be in the positive cash flow but some of the podcasts mention that you may start in the negative at first. Any advice or insight on this subject would be greatly appreciated!