All Forum Posts by: Aman Khan

@Will Chamberlin and @Account Closed old post, but I was wondering how your are able to use HELOCs for down payments. I was told by  a lender that a down payment can't be made using borrowed money. Was my lender simply wrong? If you could explain that to me I'd appreciate it. Thanks!

@Hadar Orkibi Thanks! I'm probably going to be funding through traditional financing, seller financing or private money.

I'm interested in BRRRRing a 2-4 unit property. How do I determine ARV when there aren't any recently sold 2-4 unit properties in the neighborhood? Thanks!

I appreciate your input @Aaron Klatt !

Thanks for the heads up @Michael Guzik and I really appreciate the insight!

Thanks for the response! I like the idea of having someone else manage the property as I am not very "handy" myself. Would you say that it would be better to have a live in property manager as opposed to a property management company? 

I am going to take a look at a 4 plex in the next few days. I found out that the building is partially occupied and one of the units is rented out by a property manager. I'm not sure how exactly this works. I've heard of hiring property management companies that you pay a percentage of the rent but how exactly is a live in property manager compensated. This will be my first property and I'm buying with an FHA loan. So any advice is appreciated.