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Updated over 11 years ago on . Most recent reply

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Jerry Padilla
  • Lender
  • Rochester, NY
1,419
Votes |
3,451
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What to buy? and Why?

Jerry Padilla
  • Lender
  • Rochester, NY
Posted

My best recommendation for purchasing an investment property is a multi-family owner occupied home!

Why?

You are living for free or pretty close to it.

You get the real hands on feeling of being an investor.

There is no real need for a property manager as you are right there.

You will only need a very low down payment.

You can go FHA and purchase a four family owner occupied unit.

It is much easier to do the work when you are right there.

It couldn't be much easier to collect the rent.

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