Episode Details

On a three or four unit bought with an FHA loan, the building itself has to pass a test. The appraiser's market rent for every unit, times seventy-five percent, has to cover the full monthly payment. It runs on market rent, not on what the current tenants pay, so a price both sides already agreed on can still fail.

Alexander also covers what units actually rent for in Pawtucket right now by bedroom count, why condition drives both rent and vacancy, and the three questions to ask a loan officer before writing an offer.

Read the full post (English): https://alexparmenidez.realtor/blog/pawtucket-three-family-financing-what-to-verify-before-you-tour/

Lea la version en espanol: https://alexparmenidez.realtor/blog/financiamiento-casa-tres-familias-pawtucket-que-verificar/

Alexander Parmenidez, Broker Associate, Coldwell Banker Realty. Licensed in Rhode Island, Massachusetts and Connecticut.

Call or text 401-426-4857 | alexparmenidez.realtor

This episode was narrated with an AI clone of Alexander's voice.