Great info, Michael. You may remember that the FHA self sufficiency rule/test killed a deal we had under contract with you a couple of years ago. And that was with super low interest rates! Enjoy the trip to Bali. - Blair
Yes- even with low interest rates we’ve both lost some and had some very close calls. It’s a tough rule to hit in our market, so I’m looking forward to the additional options conventional loans will give buyers! Talk soon Blair and hope you’re well!
Depends on your market - Smaller Multifamily (4 unit or less) are the properties that this new conventional loan option applies to. In most markets (Seattle included) these are mostly selling on-market (which you can find on Compass, Zillow, Redfin, etc) although some sell off market (which you can find through relationships and email lists like ours here: househackseattle.com/ )
Great info, Michael. You may remember that the FHA self sufficiency rule/test killed a deal we had under contract with you a couple of years ago. And that was with super low interest rates! Enjoy the trip to Bali.
- Blair
Yes- even with low interest rates we’ve both lost some and had some very close calls. It’s a tough rule to hit in our market, so I’m looking forward to the additional options conventional loans will give buyers! Talk soon Blair and hope you’re well!
Whats the best way to find multi family properties?
Depends on your market - Smaller Multifamily (4 unit or less) are the properties that this new conventional loan option applies to. In most markets (Seattle included) these are mostly selling on-market (which you can find on Compass, Zillow, Redfin, etc) although some sell off market (which you can find through relationships and email lists like ours here: househackseattle.com/ )
Nice💥🔨❤️
Thanks 🔥
"promo sm"
Thanks!