All Forum Posts by: Martin Ceja

@Antoine Martel What states would you recommend at the moment? 

@Jared Bouzek Thanks for the information, I'm doing my homework on these programs now! 

@Melvin List @Jared Bouzek I was not aware of those programs, thank you bringing them to my attention. Will I be able to use the Home Ready and Home Possible programs to purchase a small multifamily property (2-4 units)? 

I've been talking to a few Mortgage Loan Brokers in my area (Inland Empire, CA) and asking them about FHA loans but most of them have been recommending a low down (3% down) conventional loan with a "higher interest rate" instead. Thoughts? Would a low down conventional be better than an FHA? Or would it be best to get an FHA (3.5% down) with PMI and refinance after a couple of years? All help appreciated, thanks!

Hello everyone! I've recently been looking into purchasing a fourplex in Socal with an FHA loan. I noticed, however, that on the HUD website it only mentions single family homes. Is it possible to obtain an FHA loan on a fourplex in California?

I'm looking to start investing in real estate soon and have been doing research on multi-family (fourplex) properties in my area. The average price seems to be $590-685k around here. I'm wondering what my income would have to be in order to get approved for a $600k mortgage? Is an FHA loan possible with this amount? All advice welcome, thanks!