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Updated about 2 years ago,
Need help on multi family investment
My name is Erere,I join BP 2020 with the intention to learn about the best investment strategy in real estate ,I realized then that I can only start with multi family for house hacking and my job then was not up to 2 years for the requirements for FHA loan,along the line I have to move to Houston ,Texas and start afresh with another job,right now I am 2years in the job, but due to the current market situation I would love that I listen to the advice of expert in BP ...my questions are :
(1) is this the right time to invest in multi family due to high interest and skyrocket home prices?
(2) what are the things I should be looking for in order to get a good multi deal that will be profitable?is it fixed interest,the value of the house and the cash flow after expenses?though I order for Brandon turnel multi family investing book but not yet arrived
(3)should I contact FHA lender right now for pre approval or still hold on?
(4)can anyone also link me to REIA meet up in Houston area if there is any...thanks
(5)will 25k be enough for down payment for triplex or four plex multi family ?