Re: So I've started my journey **updated 6/27/12**
Yes, I'm still on here. I've put my search on hold as I hit a few road blocks but working through them just fine. I found out I can't use down payment assistance with a multi family property. So I'm saving up more money, however what I've found is a lot of multi-family homes are not legally duplexes ( don't let "not legally" scare you) What that simply means is they are taxed as single family homes. For instance one house I was looking at (but lost the bid) is 3k square feet, but the owner put up a wall in the house and made the other side a full 3 bedroom 2bath unit w/ all the aminities. I've found a lot of this as a matter of fact, so things are looking good on that front. The thing is I really wanted a traditional 4plex. So, I'm saving money right now to do that and weighing my options. The other downside to a multifamily is if I use a FHA loan, I have to live in one of the units. Not too bad, but depends on you situation if you are ready to be a onsite landlord.
Starting Score: 615 Current Score: Lender pullEQ 667, TU04 698 TU98 644, EX 660 Goal Score: 700