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Updated over 8 years ago on . Most recent reply
First Investment property
Hello everyone I'm Brandon from South Florida. For my first investment property I will buy and hold a multi family property. I anticipate getting a tenant occupied property in the next couple of months. I've already gotten pre approved and the process of reviewing properties.
My question is if a seller just bought a property a year ago in late 2016 and is now selling it in 2017 is that an indication that it's a bad deal?
Also for an FHA loan do I have to live in the other unit if I buy a multi family tenant occupied or can I just rent the other side out?
My question is if a seller just bought a property a year ago in late 2016 and is now selling it in 2017 is that an indication that it's a bad deal?
Also for an FHA loan do I have to live in the other unit if I buy a multi family tenant occupied or can I just rent the other side out?