All Forum Posts by: Juan Alvarez

@Dan Mackin thank you for that information. Do you know if the homepoasIble loan has somethIng simIlar to the 203k program?

With the HomePossible loan, does the borrower need to occupy the home they’re purchasing for a set amount of time before renting it out (multi family home) ? Does the FHA rule of living in the residency for a year apply to this loan as well?

@Loubert Antoine My plan is to basically fixed the side I’m going to rent out first and live the other side for a year while I repair it, then move out and have rent that side out. I believe that’s the best way to get in the RE game because of the low down payment. Are you under the FHA loan??

@Todd Powell thank you! That gives me motivation.

@Zackery Gholston are you familiar with the HomePossible loan? Do you know if that qualifies for the 203k

@Zackery Gholston extremely! Thank you !

First time investor. I am interested in the house hacking game. Reading a few books but the simple questions are not being answered. Before I even start looking at properties should see if I pre qualify on a loan correct? FHA/HomePossible loans. Thank you.

@Stephen Stokes from what you know, does the FHA assist with rehab cost ?

@Adam Lacey from what you know, does the FHA loan assist with rehab cost?

@Matt Vezina my parents did pass on their home to me so it is under my name, but I assume that wouldn’t qualify as a first time buyer