Multi Family Investing- Three and Four Unit Buildings

[Leon Nicholson]

Hello. I have been a part of Biggerpockets community for a few years. I have never made a deal. Was interested in wholesaling and flipping but never actually pulled the trigger. I read 7 years to 7 figure income. My purpose in writing you is because at this stage in my life, i believe this strategy could very well help me achieve my goal of financial independence. I live in Philadelphia, PA. and was wondering if this could work here. We have plenty of triplexes and duplexes but not quite sure at $100,000.00 or less. Not too sure of Four Units. A question i have is, you mentioned that a first time buyer could purchase for 3.5% FHA loan. However, $20,000.00 cash on hand would be the easiest. Could a combine strategy of the two work to speed up the process. Meaning purchasing the first with an FHA loan and the second with $20,000.00 That being said, i more than willing to follow this process. Any suggestions. Thanks Sir. I welcome all response from the community. Thanks again.

Ernesto