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Updated almost 4 years ago,

User Stats

12
Posts
4
Votes

Advise on next investment

Mauricio Sanchez
Posted

Greetings ladies and gentleman,

In the past 8 months my partner(brother) and I have bought two multifamily(fourplex)properties. The first property we bought in march at 317k and at the moment it has a value of 340k. The second property is another multifamily currently valued at 347k. The first property is under my brothers name and the second is under my name both loans are FHA. My question is the following, what type of strategy do you guys recommend to keep buying multifamily properties? Do you guys recommend conventional loans or what types of loans are available to buy with equity. Do you guys know any small credit union that allows to buy properties with equity or with no money down?

I am currently 23 with a stable job but looking to substitute my job for real estate in the future when the finances of the company are more than stable.

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