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Updated about 6 years ago on . Most recent reply

Jake Diamond's profile image
Jake Diamond's profile image
Jake Diamond
  • Rental Property Investor
  • from Utica, NY
  • Member since Jul 24, 2018
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Jake Diamond's profile image
Jake Diamond's profile image
Jake Diamond
  • Rental Property Investor
  • from Utica, NY
  • Member since Jul 24, 2018
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Jake Diamond
  • Rental Property Investor
  • Utica, NY
6
Votes |
22
Posts
Multi-Family and Apartment Investing

Hungry new investor looking to GROW

Jake Diamond
  • Rental Property Investor
  • Utica, NY
Posted

I currently am house hacking a 2 unit. In addition to I just purchased a 4 unit. (Between the both I have about $50k in equity) Besides the two mortgages I am debt free. I am looking to GROW. Looking for advice from successful and experienced investors on where I should begin looking for my next move...

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Sean Morrisey's profile image
Sean Morrisey's profile image
Sean Morrisey
  • Residential Real Estate Broker
  • from Aurora, IL
  • Member since Sep 5, 2017
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Sean Morrisey's profile image
Sean Morrisey's profile image
Sean Morrisey
  • Residential Real Estate Broker
  • from Aurora, IL
  • Member since Sep 5, 2017
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Sean Morrisey
  • Residential Real Estate Broker
  • Aurora, IL
45
Votes |
96
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Sean Morrisey
  • Residential Real Estate Broker
  • Aurora, IL
Replied

I would continue the 4 unit strategy and utilize Fannie/Freddie financing at 30 year amortorization until you cap out. Then, look into commercial financing. Always try to use the BRRR method when you can!

Keep it up!

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