I also have a 3 bedroom 2 bath home 4 bedrooms if you count the converted garage around 1600sf for 55, 000.

That being said, it is also a place where the guru's like to fish for new converts but this is true of any gathering of investors in any sizable club nationwide.

or Do i use a FHA 203k to convert the 5 unit to a 4 unit to get the lower interest rate and down payment.

A common goal of landlords is to work hard to pay off the property so they can convert the house to a note.

I think it is currently being taxed as RE which is common in NM even if it has not been converted.

Greetings from Richmond, I have joined BP to learn more about strategies, analysis and finance options for RE investments.I just sold a rental that I had converted to a personal residence and I am interested in purchasing another property.

You could purchase a two family home with a basement or attic and convert the basement or attic into your living quarters.

We were hoping to refinance our current house, pay off the existing mortgage and convert it to a rental.

Or you could convert an SFH to a higher and better use.

We were hoping to refinance our current house, pay off the existing mortgage and convert it to a rental.