Getting started in Multfamily

[Adam Lowe]

Hi All,

Would anyone share advice on how to break into multi-family investing. I don’t currently have any properties so a multifamily would be the first one….

I’m interested to know anyone’s point of view who’s done this sort of thing already. If you were starting all over, what would you do, what would you not do? Any tips would help!

Thanks!

[Canesha Edwards]

@Adam Lowe

The easiest way to get started in multi family would be to house hack, assuming you currently don’t have a primary residence.

You can purchase up to a 4-unit with a FHA loan. Put down 3.5-5% live in one unit and rent out the other. After a year of living in the property, you can move out and rent the remaining unit. Obviously, this is the simplified version but you get the gist.

Feel free to reach out if you have any questions.

Best,

Canesha