Planning my future in multifamily investing

[Ryan Curran]

Hello, BP Community

I'd like to know if anyone has taken a similar path in real estate investing as the one I'm purposing for my wife and myself.

My plan is to purchase a duplex in the Munster Indiana area using a owner occupied loan. I would like to put 5% down, the loan would be in my name. We'd like to live there for a year or two and then look for a fourplex to move into using another owner occupied loan at 5% down. This loan would be in my wife's name.  Again live there for a year or two while we save funds for the next property.The next property would be a bit larger, it would be bigger than a four-plex I believe a commercial loan would be required?

That's my plan so far.

So, has anyone taken a similar path such as this? If so what were your obstacles? Where you successful?

Any insight would be greatly appreciated.