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Updated almost 8 years ago on . Most recent reply

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21
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3
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Ryan Barr
  • Shawnee, KS
3
Votes |
21
Posts

FHA Fourplex: A smart beginners move?

Ryan Barr
  • Shawnee, KS
Posted

As the title suggests I'm looking into starting my RE investing career by purchasing a fourplex on an FHA loan. I don't have any properties lined up, but assuming it was a solid deal: is this a smart move to make if my overall goal is to get into high unit apartment complexes? I'm open to every avenue of REI so I can generate enough capital to get my hands on those apartment complexes but am leaning towards the fourplex. So from a capital-acquiring AND experience-generating perspective: Is this a good idea?

For some context I just graduated college and hopefully get the job I've been interviewing for for the past month. If that doesn't end up working out I might go for a career involving real estate. Fortunately my parents haven't grown tired of me and offered for me to live at home, so I would have virtually zero expenses while I save up for it. I've read books, listened to podcasts, but have zero experience and no connections as of yet. I really want to get going on this sooner than later but I also don't want my first move to put me in the hole.

Most Popular Reply

User Stats

21
Posts
3
Votes
Ryan Barr
  • Shawnee, KS
3
Votes |
21
Posts
Ryan Barr
  • Shawnee, KS
Replied

I appreciate the feedback and the advice. Nichole I actually read that post you made earlier this week. Thank you guys for validating an idea, I'm excited to see where my next steps take me.

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