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Updated over 4 years ago on .

Marvin Scott Butler's profile image
Marvin Scott Butler's profile image
Marvin Scott Butler
  • Rental Property Investor
  • from Saint Petersburg, FL
  • Member since Mar 28, 2018
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User Stats

31
Posts
10
Votes
Marvin Scott Butler's profile image
Marvin Scott Butler's profile image
Marvin Scott Butler
  • Rental Property Investor
  • from Saint Petersburg, FL
  • Member since Mar 28, 2018
Connect
Marvin Scott Butler
  • Rental Property Investor
  • Saint Petersburg, FL
10
Votes |
31
Posts
Real Estate Deal Analysis & Advice

Good Deal or Bad Deal

Marvin Scott Butler
  • Rental Property Investor
  • Saint Petersburg, FL
Posted

Hello BiggerPockets, I’m need some advice to see if this a good or bad deal. I’m starting out and my realtor proposed deal for a single family property for 217000 thru Chenoa loan which pays the down payment and is forgiven after 3 years of on time payment.

The mortgage 1450 which includes hoa property tax and insurance.

My plan is to house hack stay there for a year and then rent it out hopefully move into a multi family property which my goal

I want to invest in the Pinellas/Hillsborough county in Florida area but multi family property are hard to come by with FHA any opinions or advice thanks

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