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Updated over 5 years ago,
Strategy for first REI deal, Multifamily vs Single
Hi,
I would like to get some feedback on investing in my first real estate property. I've been listening to the podcasts and reading up as much as I could on strategies and the idea of buy and rent seemed the best fit. My plan was to use a 0% down VA loan and buy a 2-4 family in the Cincinnati area in a nicer neighborhood where the people I believe would be easier to deal with. The broker that I'm working with dismisses the idea of going multi family and getting a single family instead. My assumption is that she only deals with certain areas where there aren't any multis. So my questions are,
Is the 0% down on a multi a feasible strategy (considering there is a low rental vacancy rate in the area and the property covers the expenses) ? Also is it worth getting involved with a different broker?
Maybe I missed some things but any information would be great, thanks!