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Updated about 2 years ago,

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13
Posts
6
Votes
Jerell Edmonds
  • New to Real Estate
  • Rhode Island
6
Votes |
13
Posts

Starting out! MF Investing. How did you start?

Jerell Edmonds
  • New to Real Estate
  • Rhode Island
Posted

Hello everyone . I just have a quick question . Now I want to invest OOS but everyone says buy in your own neighborhood first which I understand. My question is say I do buy my first MF rental and house hack it could I use another loan say a conventional loan and purchase one OOS with a 20% down payment would that be doable? Or is there restrictions and would this have a great impact on my DTI. Still in the New England area which is pricey an I know I said cash flow wasn't the most important thing we def would not like to be cash flow negative either. Because the houses we ran numbers on would more than likely cash flow negative unless i'm doing something wrong but then again I know this area is very high so that's why we're looking more towards investing OOS.

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