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Updated almost 6 years ago on . Most recent reply

User Stats

17
Posts
6
Votes
Stephen Benson
  • Austin, TX
6
Votes |
17
Posts

NOT living in first rental property first deal

Stephen Benson
  • Austin, TX
Posted

I understand that living in the property for your first deal helps the bank give you a loan easier for your first deal, I was wondering if anybody has experience just, going straight into buying a multi family residential property right off that bat without living it and renting all the units out, the reason I ask this is that, I live in Austin TX and work full time there, the multifamily prices are pretty expensive, so I was wo dering about buying in Kyle or San Marco's, maybe get a cheaper multi family unit there and treat as a separate project. anybody got any pointers? thanks!

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