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Updated over 2 years ago,

User Stats

5
Posts
1
Votes
Kyle Kaiser
  • New to Real Estate
  • Hampton Roads, VA
1
Votes |
5
Posts

Advice on what to do!

Kyle Kaiser
  • New to Real Estate
  • Hampton Roads, VA
Posted

I am very determined to begin investing into multi tenant rental properties and would like any mentorship/opinions someone is willing to offer. The pickle: Wife and I HHI is 255K. Easily have about 2-3k per month to invest with. Where do you recommend beginning? How can I secure funding to purchase a 2-4 tenant property? I am not flush with cash so I would love to learn how to access capital for a loan? Would you recommend a traditional investment loan through a bank or private equity? Second problem, we are currently using a VA loan for our house and could rent it out as well. What I would be afraid of is purchasing a new home to live in and only receiving around 1k per month in rental income and then deepening my DTI making it harder to secure a loan for a multi tenant property. Would you recommend buying and renting our current home first or focusing on a multi tenant as it could be a bigger stream of income?

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