Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

4
Posts
0
Votes
Sam Arbizo
  • Palo Alto, CA
0
Votes |
4
Posts

Begining strategy help

Sam Arbizo
  • Palo Alto, CA
Posted

Hey all,

 I'm about to jump into real estate investment.  I would like some advice on what is a good beginning strategy. Let me lay out what I"m thinking.

My goal is to buy 1-2 multi unit rental properties (5+ units) to start.  Working toward cash flow.  I am planning to sell my current home as it's increased in value significantly and I can use this money to start the ball rolling.  

I'm thinking either two smaller properties or one larger 20ish unit property.  I've only bought one house and it was my residence so I'm not sure how difficult the 2nd loan will be to get?  Maybe it would be easier to just go for one larger loan rather than two smaller?   I would also like to buy another home to live in as well. Will having the 1 or 2 loans out for the investments make buying a residence more difficult?  If so should I buy my residence before the investments?  I would think since the rentals would produce income, that they would actually make getting future loans easier?  

I'd be keeping my job and my credit is excellent, so I don't foresee any issues in qualifying for the loan.  I"m just wondering if having a loan on an investment will make securing financing harder for the 2nd or 3rd or 4th.... etc...  

Seems like it should be no problem but, would love to have some input from some folks who know through experience rather than speculation.  

thanks!

 -=Sam=-

Loading replies...