Updated about 10 years ago on . Most recent reply
Will this plan work out
I'm can't wait to dive into the large world of investing especially in real estate market but often times when I'm putting tighter my plan to run with I'm faced with many problems for instance I was planning on buying and holding and then scaling up sailing those properties via a 1031 exchange and using proceeds to get an apartment complex .But the problems I'm often faced with is will I actually be able to sale these multifamilys properties 1-4 units and get financing via FHA as I know they require it to be owner occupant and are real sticklers as the units go up as far as being approved and terms and conditions. So overtime have built up cash flow in which goes into savings account while my rebates pay the rent this will boost my equity in the property as my mortgage payment will be made and hopefully at least recieve 4 percent appreciation. Any insights or other things I should consider thanks much and appreciate all the help.