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Updated about 3 years ago,
Advice For A Newbie Buying A FourPlex in NY
Hello everyone , I’m 26 years old I have a stable income and I am looking to buy a multi family 3 units and up. I have never owned a property. Someone will co-sign with me if necessary. My issue is New York is quite pricey and I’m not sure if it’s the right place or and obtainable goal in NY.
I was hoping to get an FHA loan to make this a possibility. My credit score is above a 760 and I don't have much debt. I'm also open to going the Hard money lender route to do a BRRR.
Realistically I don’t see my self leaving New York to get a property. I’m open to all suggestions about financing and loans.
Thank you all in advance !