All Forum Posts by: Kirk R.

@Robert Johnson Just ask an actual lender...you’ll waste a lot of time trying g to read it for yourself and it doesn’t matter what your opinion is on what you read...it’s the lender’s opinion that matters. 
Conventional has 3-5% down for sfh owner occupied, but a 4 plex is 25% down. 

Hey guys, I'm new to the real estate game and a single person with a day job as a park ranger. I bought myself a SFH last year and really enjoy the lifestyle of my own space, but want now I want to make a jump to small multis. I'm really interested in the FHA 3.5% down loan on 4 plexs and stay a year and move again.

One of the big issues with my career is that I move around a lot (normally not in an area more than 2-4 years). Because of this I have learned to despise moving and resettling in a new place since I have to do it so often and I don’t like the idea of doing it every single year moving around town.

Also seems like it would cut into the profit. So I had a thought today about possibly buying a smallish travel trailer/RV and making my home in that (very common for people in the career). I was wondering if it is legal to still use the FHA loan on a property if I don't live specifically in the dwelling?

I’m thinking I’d look at a property with a larger lot and build a pad and little private area for myself and rent out the full dwelling.

Any thoughts on how this could possibly work?

Hi @Dave Godfrey I wouldn't say anything has changed for me due to Covid-19! My primary focus has been to send out more mail and have seen much success throughout the process. 

We had a new tenant insist on yellow walls. In fact they offered to buy it & paint. Then they wanted bright ocean blue in one bedroom to complete a Surfside painting on the wall. We had just rehabbed the unit all new drywall primed in white BUT we complied & they are still there 6 years later. I KNOW when they vacate it will be back to a more conducive bland color.