To give you a different option on the funding I would need to know more about the project the price the income, your down payment and your income.
My first investment was a 4 plex. They are a great investment if you put enough money down to cash flow them. If you have a negative on it you had better have a large income and need a write off or it just turns into a bad investment. So you really need to know how to work the number.
If you have any further questions please feel free to contact me with out obligation.
I am a mortgage broker. If I can be of service, please let me know!
877-238-6324 Ext 704
I assume it is the FHA premium. Based on credit score. FHAâ€™s upfront mortgage insurance premium will range from 1.25 percent to 2.25 percent based on borrower credit risk. Some finance it into the loan, others pay it up front.
I am not a mortgage professional and I am sure they pipe in soon.