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First Time Home Buyer: Lessons Learned?

  1. #51
    Lifer obsolete's Avatar
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    Re: First Time Home Buyer: Lessons Learned?


    Quote Originally Posted by breakdirt916 View Post
    Now I have this crazy idea, but just follow me on this one:

    Owner occupied 4 plex
    In MA 4 is the magic number that you need to be very careful of. 4 units can bring lots of other responsibilities including sprinklers and such.

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    -Alex
    I can resist everything but Pete's mom.

  2. #52

    Re: First Time Home Buyer: Lessons Learned?

    the FHA lending laws changed in 2016 too; where a certain ratio of rents:mortgage payment made it difficult to qualify unless you put down a huge down payment (at least in SoCal). Duplex/2-on-a-lot or a SFR was the easiest to qualify for.

    ok, back to a duplex

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  3. #53
    Angry Gumball RandyO's Avatar
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    Farmington, NH
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    Re: First Time Home Buyer: Lessons Learned?

    first time home construction...... be vigilant that the site contractor doesn't stop short. have a client, that is going to end up with a much steeper drive to live with, concrete is already poured and set, I have to redesign the septic, and because of work done, I have to work around what it there, they should have cut the ridge another 6 feet, not like they don't have a place to put extra fill on 100 acres

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    RandyO
    IBA#9560
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