All Forum Posts by: Joshua Whitehorn

Thank you very much, Shane. That is really helpful. 

I own a duplex and live in one of the units. I plan to collect my tenants rent in a separate checking account for easier tracking for tax purposes. My question is should I pay my mortgage from that same account or my normal checking account? Does it really matter?

Thanks 

Thanks Eric, I appreciate the input for sure.

I have been looking at duplexes to buy and live in particularly in Mckiney heights area. Can anyone tell me anything about that side of town? Safety, and concerns? Thanks

Kenton,

I really appreciate the advice and I will take you up on the offer for a recommended loan officer. Thank you. 

Hello,

My name is J.W. Whitehorn and I am looking to acquire my first investment property. My wife and I plan to move to St. Louis this year and want to buy a duplex to live in one side and rent out the other. From my research it looks like a FHA loan might be the best way to finance it but I'm not sure. My wife just graduated Iowa Law School and will start her job in St. Louis at the end of October and I will be a full time seminary student at that point. Our concern is since we do not currently have jobs that it may be difficult to acquire an FHA loan. We would like to start the process this month of finding the potential duplex and eventually move in beforehand October. If anyone can provide any advice based on our situation it would be greatly appreciated. We also will have the savings it would take for a down payment on the FHA loan. Thank you