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Updated about 8 years ago on . Most recent reply

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22
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8
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Aaron Cayabyab
  • Waipahu, HI
8
Votes |
22
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Howzit! Newbie from Hawaii!

Aaron Cayabyab
  • Waipahu, HI
Posted
Aloha BP Community! I am new to the forums and have been listening to Bigger Pockets religiously for the past year. Been doing some research and reading a lot of book to educate myself in RE. I live on the island of Oahu, Hawaii. I'm looking into investing in multi-family and looking to do so by purchasing a 4 unit using a FHA loan. Properties here are really high and the multi's I have been looking at range from $900k-$1.5m. I wanted to get feedback if this is a good way to start investing. Will use my own money and a family member will help me with the remainder for a down payment. I'm really excited to see where this can take me. All help and guidance is appreciated. Mahalo, Aaron

Most Popular Reply

User Stats

670
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352
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
352
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670
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

Aloha @Aaron Cayabyab! If your looking to buy in your area I would try and live in one of the units and purchase as an owner occupied. You'll get better down payment terms and it's a nice way to get into the multifamily space. There are some value add opportunities throughout the nation if your looking for other areas as well.

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