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Updated almost 5 years ago on . Most recent reply

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Ariel Valenzuela
  • Rental Property Investor
  • Alaska
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What is the next move?

Ariel Valenzuela
  • Rental Property Investor
  • Alaska
Posted

We recently bought our second 4 plex. I financed one using a FHA loan. And we got another one under the home possible loan which is conventional. I'm trying to decide what the next, best move is.

I am tore. I’m tired for living in a four plex and would like a small single family home but I know financially it will be better to get a couple more four plex s first.

When I buy my next please place, any recommendations on using equity from one of the other properties?

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,601
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

You can't discount yourselves in your real estate investment journey. You don't have to keep jumping from four-plex to four-plex. If you can stabilize eight rented units, maybe you can take a break and buy a house for yourself. Let the other marinate until you can refi out some equity from them. House hacking is great, but at some point everyone wants to live in their own home with their own yard, at least for some amount of time. Don't forget you guys can take care of yourselves and the lifestyle you want as well.

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