All Forum Posts by: Jacob Bohrer

Hello, my wife and I are looking to get a 4-plex. I am interested in it for low money down, but do not think the seller accepts FHA. So my question is:

Is it possible to get a 5% down Conventional ARM for a 4-plex.

Purchase price is $160k

Rents are currently $2,350 gross.

Please let me know your thoughts or any other ideas! Thanks!

@Glen Holmen Sell at $195k because you over priced.

@Erica Gordon in this market, forever.

@Aaron Peterson If you need affordable appliances, I’d recommend getting cheap, but basically new open box appliances from BEST BUY. They have the most on time delivery system and can get lots of deals with open box items.

@Aaron Peterson maybe you mis calculated cap ex then?

Another example of why OOS investors are likely not what’s best for tenants and neighborhoods.

Would you like trying to cook dinner on a broken stove?

If you can afford new/working stove for your home, maybe you should consider being able to for your customers.

@Daniel Moscoso

Re-list at $199k and run.

@Randy Ray buy a small multi family home live in one part. You have enough for an FHA 3.5 mortgage. Could probably get up to a 150k property with what you have which I suspect may be available in Illinois?

@James Thierbach Did you say “Broke” park drive?

@Brandon Sturgill Fake news

@Jim K.

I instantly think 65!