All Forum Posts by: Elliott S.

I heard you can qualify an owner occupied quad same as conventional mortgage. I'd like to know what negatives might be on this strategy. Seems like a great option right now for new investors with VA certificate. Just need to find a decent one that will cash flow.

Sounds good, yes I'd like to purchase a quad w/ my VA loan. No money down instant cash flow right?!! Please, anybody have any knowledge on this subject?

3 different names in each unit? Sounds like a craigslist roomate rental business plan, haha. Am I right?

I'm interested in similar deals. I have a VA certificate and no current mortgages. I would like to invest in a multi to best leverage my first owner occupant mortgage. I heard up to 4 unit multi will finance same as single family if owner occupies one unit. Anyone have experience with this?

I'd love to have access to the book! I'm working/living in my first rehab, about ready to move forward.

ps: found your post searching about 203K, I'm trying to see if they are doable. Anyone care to share 203K experience?

Can't believe nobody replied yet. I think they all are trying to snipe your property, haha. Did you offer on it?

You're sure existing cabinet quality is in line with granite counters? Will you reface them? $2500 fridge and a $600 range seems funny. How bout lighting? I'm just a novice but the budget seems good to me. Let me know what you did.

What documents do you ask for to verify the income, expense, vacancy, etc. of a triplex rental property? Are there notarized, certified documents you can ask for?

I'm looking at a triplex, listed about 125k, tax value 98k, rents I would guess at least $500 for each unit. I done a little searching and the only thing I've come up with is make sure your not looking at pro forma, be sure to verify this and that, etc. Can anyone suggest a resource with suggested forms or a list of due diligence items? Is this best done by an attorney?