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Updated about 2 years ago,
Unusual Situation, Looking for Advice!
Hello!
My name is Lindsay Schubert. I am a full-time Air Traffic Controller is San Juan, Puerto Rico. I want to start my rental portfolio in Florida. The hope is to be in this area eventually.
I am looking to start with a multifamily property that is a triplex or fourplex. I have a long way to go with setting up a team and finding the right areas. I have been constantly reading and researching the steps to take. I am just getting stuck on the financial method. The prefered methods to do are FHA or 203K Loan, but unfortunately I would not be able to live on the property. I do not want to put 20% down on a conventional loan if it is going to drain my bank account and if there are better options out there. There is Private Money Lenders, Owners Financing and Partnerships, but I don't know where to start. I don't have networking events in Puerto Rico, so I came to the forums for advice.
Thank you in advance!