Houston, TX · Member since 2015 · 16 posts · 4 votes
New RE investor looking to get my first small multifamily investment property to owner occupy within the next few months in Houston. I'm looking to get some advice on areas I should be looking into to find a good property for cash flow with minimal work needed on the property. Would something like this be difficult to find right now?
Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
7y
@Maurice Walker What type of financing are you using?...foreclosed FHA multi-families are pretty hard to come by...there are other programs with 5% down that have some income restrictions, but you're free to search the entire market...
Houston, TX · Member since 2015 · 16 posts · 4 votes
7y
@Brandon Sturgill Thanks for your response. I am considering going with a FHA or conventional loan. I currently dont have a huge amount of capital right now so FHA may be my best option, but it will depend on the deal.