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Updated about 9 years ago,

User Stats

51
Posts
16
Votes
Danielle Price
  • Investor
  • San Jose, CA
16
Votes |
51
Posts

What is best option for first positive cashflow invest property

Danielle Price
  • Investor
  • San Jose, CA
Posted

I have been reading many posts for weeks to find an answer to my particular question... 

I have been approved for a FHA loan which I am aware if I purchase a multifamily property I would have to live in one unit. I live in a very expensive part of N. California so my cashflow is negative... I have some savings that I could possibly put down on a property out of state but how do I get financing for the rest of the mortgage? I would like to possibly do multifinancing on a buy and hold here in CA and a multifamily out of state?

Any Suggestions? 

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