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Updated about 8 years ago,

User Stats

18
Posts
2
Votes
Thomas Sutton
  • St. Petersburg , FL
2
Votes |
18
Posts

Short-term buy & hold sfh to generate $ for multi-family deals.

Thomas Sutton
  • St. Petersburg , FL
Posted

In my quest to own large multi-family properties, I've been debating whether to take advantage of low out of pocket FHA/203k financing for a sfh for a short-term hold and then selling after the owner occupancy term in an effort to gain the capital necessary for larger investments in the future. I'm considering this vs using the same or similar financing for a small multifamily to house-hack in the meantime and possibly exchanging into something larger when i've built enough capital. Obviously, there are pros/cons to both but, I'm just curious on yours thoughts in regards to which approach would be more viable to generate capital for larger investments faster in the Tampa/St. Petersburg market.

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