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Updated 9 months ago,
Multi family investing
Hey guys
I am investing in Dallas Forth-Worth & Tampa area
Long term rentals and I’m doing section 8 also , I am getting property with hard money loan , remodel them, and then re fi them for 30 years , I put around 45-65K for each property
I have 4 properties that cash flowing $300, $500, $1000, $250 per month
I wanted to get into Multi Family - 4 plex, 6 plex and up even 8-12 units as first deal. in know also it’s 25% down payment so it’s more down then the hard money loan method I’m using.
I know some multi is cash flowing more , but I’ll need property managements since it’s to much manage by yourself.
I’m looking in those areas:
Killen & Temple , Texas
Corpus Christi , Texas
Lubbock , Texas
McAllen , Texas.
Any thoughts on this areas ? I know I can find there nice deals of 4 plex in 300K but they not cash flowing that much. They will most likely cash flow like the singles.
Where you thing I should look to invest ? and if you can help me a bit with how many units and what to look at
thank you