All Forum Posts by: Account Closed

Thanks, Sam. I’ll shop theirs against Mountain America

Thanks, everyone for your help. We're actually looking for 20% so we will seek out those credit unions or maybe just keep with Mortgage Lender. Hadar, seems like 6% cap is where most is at. We're hoping to find something off market if possible so also looking to speak with local agents that know the MFR market better. My wife is an agent but she and her network has mostly dealt with single family residentials.

That's interesting, Becca. Thanks, Eric. I'll look into both Mountain America (we're planning to put down 20% for this first one anyway) and America First, as well. 

We live and work in Utah County and own a home and investment property in Utah County so looking for a local credit union or bank that would be good to partner with for future investment opportunities. We are currently looking for a multi-family investment property of 4-10 units near Provo, if possible. We’ve used mortgage lending brokers to this point but we’ve heard and understand that there are advantages to working with a credit union or bank that would have a relationship with us and be able to help us in future deals. My wife is an agent and I have a small business and then a good full time W-2 job. Would love to hear who any of you have worked with or have heard would be worth talking to. Thank you!

We live and work in Utah County and own a home and investment property in Utah County so looking for a local credit union or bank that would be good to partner with for future investment opportunities. We are currently looking for a multi-family investment property of 4-10 units near Provo, if possible. We’ve used mortgage lending brokers to this point but we’ve heard and understand that there are advantages to working with a credit union or bank that would have a relationship with us and be able to help us in future deals. My wife is an agent and I have a small business and then a good full time W-2 job. Would love to hear who any of you have worked with or have heard would be worth talking to. Thank you!

Is this event still happening? If so my wife and I would be interested

Thanks for the responses everyone... I'll talk to some lenders...

I'm guessing answer is no but want to make sure if any of you know...

We own a townhome and want to buy a 2-4 unit investment property but were told that you can't get an FHA loan for 2-4 units after having a conventional loan for a single family residence... AND we have a good friend who has never owned property before but wouldn't be able to qualify for a home on his own...so we thought about co-signing together on an FHA 2-4 units and having him live in one unit for at least a year and managing it and going forward together or taking it over exclusively after the one year... but is this allowed or can we not co-sign for an FHA loan and not live in it and later take it over... does that make sense?

Thanks in advance for your help! We are wanting to do this in Utah County near the universities... thanks!