Looking to start investing

[Jonathan Ludizaca]

Good morning everyone I am new to the BP community and am excited to start investing in multi family properties around the Wilkes barre Scranton Allentown PA area. I am from NYC but plan on using a FHA loan and "house hack" for the low down payment option in order to start building my portfolio. Any tips or suggestions I should keep in mind?

[Kate Daye Ruane]

Jonathan, welcome to the jungle! I have used this as an entry point for a ton of investors here in the Scranton area and it's a great option to take since you have it! With using the FHA loan, your offer loses a large competitive edge in the market, but a good agent will navigate it properly for you and also weed out the unqualifying homes. It all will come down to the financials on these deals, and with a larger mortgage, expect less cash flow, so if I were your agent, I'd be focusing on making sure you have an income cushion but giving a broader focus on appreciation. You're doing the right thing by GETTING started and doing it! The cash flow will come on the next ones. Reach out directly anytime.