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All Forum Posts by: Evan Ponssa

Evan Ponssa has started 2 posts and replied 2 times.

Hi,

I am an active real estate agent here in Tampa, but have recently don't have the time to work it full time. I would like to still invest in properties and if possible have the option to access the MLS, but don't want to pay REALTOR fees or really any monthly fees. I am looking for a low cost brokerage where I can refer out clients, and preferably still get payed a commission if I am working personal deals.


Any suggestions would be great! Thank you! 

Post: FHA with nonoccupying coborrower

Evan PonssaPosted
  • Tampa, FL
  • Posts 2
  • Votes 0

Hi friends,

I am looking to get my first rental property, and was planning on using my mother as a nonoccupying coborrower (with me as an owner occupant) to acquire a cashflowing multifamily, however with a nonoccupying coborrower I would have to put 25% down. This simply will not work, as I would like to keep my downpayment at 3.5% (or close).

How can I acquire a multifamily property with my mother as a nonoccupying coborrower? Could using a 203k loan to turn a single family into a multifamily work?


Any help is appreciated!

Thank you,

Evan