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 6 years ago,

User Stats

3
Posts
0
Votes
Parker Lewis
  • Salt Lake City, UT
0
Votes |
3
Posts

Questions for starting out

Parker Lewis
  • Salt Lake City, UT
Posted

I have a few quick questions about starting out. 

We are living in the Salt Lake City Area and are thinking about using and FHA loan to buy a Duplex, Triplex, or FourPlex.

1. What would you all recommend out of those? I have heard so many mixed reviews that a fourplex is the best because you have 3 other people paying your mortgage for you, but you have to get into it with more money. Then i have heard that a duplex is the best way on a first deal?

2. We are in the money saving mode right now and trying to get at least 10k to 14k for an FHA loan. How much money do you all recommend? The closing costs are something that scares me because that is just more expenses to the overall cost.

3. We are wanting to do the BRRR Strategy because we are looking into buying more and more properties each year. How do you all find properties that are low enough to buy and then fix up a little to get refinanced?

4. What articles and books do you all suggest reading to learn more about this? Does anyone know people in the Salt Lake Area that are willing to help to give suggestions on how they did it? 

Thank you so much for your time, i really do appreciate it! 

Loading replies...