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Updated about 6 years ago, 09/29/2018

User Stats

11
Posts
2
Votes
Noah McBride
  • Realtor
  • Augusta, Ga
2
Votes |
11
Posts

Funding a fourplex without ruining the deal

Noah McBride
  • Realtor
  • Augusta, Ga
Posted

A quick little background about myself. I recently turned 20 years old and gave up baseball about six months ago to work full time while going to school full time. I am a math major so numbers have always been my strengthened my current job is an assistant general manager at a restaurant. I don't make a great sum of money, but I am very conservative in my spending and a diligent worker. My dilemma is that I have found a Fourplex locally that was recently renovated and has a gross rent of 2600 monthly with a 99% occupancy. I am curious how to go about funding this property for rental purpose with minimal income. I have looked at a FHA loan as a possibility, but I was curious if my lack of understanding in financing option is blinding me from seeing a more efficient option. My purpose behind this investment is to own my first multi-family investment to lead towards a future in real estate investing.

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