All Forum Posts by: Wydell Jones

So I’m 100% disabled and wanting to buy a fourplex in Houston. I believe what is happening is that they choose which property you are going to live in. An then use a ratio to determine how it would affect your taxes. Meaning you do not get 100% tax exemption on multi family properties. Anybody have any insight as to how this works? 

So I’m 100% disabled and wanting to buy a fourplex in Houston. I believe what is happening is that they choose which property you are going to live in. An then use a ration to determine how it would affect your taxes. Meaning you do not get 100% tax exemption on multi family properties. 

i appreciate it, thats what i will do because at that point i will need DPA assistance. i appreciate your response.

your all good bro, after your year is up you can move out and it no longer has to be your primary residence. it may be 2 years in some states i believe. so check that out!! no refinancing needed.

Im a college student looking to take advantage of a multi unit property out in LA around the Inglewood area.i have an okay amount saved for 3.5 deposit on a FHA 203k Loan, a really good credit score but my income that is able to be used is kind of on the low end. So i would need to use potential income from the units to qualify for the loan or im guessing have a co-sign. I have found a property that im interested that even with 35k remodeling loan and purchasing he house it will be under 500k. anybody have faced a similar situation and was successful or know what would be the best route. Any advice could help. Thanks In Advance