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Updated about 9 years ago on . Most recent reply

User Stats

46
Posts
11
Votes
Anthony Espinal
  • Real Estate Agent
  • Yonkers, NY
11
Votes |
46
Posts

Am I ready?

Anthony Espinal
  • Real Estate Agent
  • Yonkers, NY
Posted

Hi Everyone,

I want to buy a multifamily house to house hack in Astoria NY. Preferably 3 Fam. While I understand I won't cash flow, the incentives for me are to own my own property, not pay rent, and hopefully with the income from the other units my portion would be less than paying rent anyway. I currently have a good chunk of cash and have access to other funds in stocks and 401k. I would love to talk to seasoned agents who are familiar with my area to help me in the process or anyone who I can bounce ideas back and forth with. As far as financing I was thinking either VA Loan or FHA/203k loan for rehabbing.

Edit: I forgot to mention I have excellent credit.

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