Multi Family investing in SD

[Brian Ramos]

Hello BP.  Me and my wife are San Diego natives and just moved back from AZ where we lived for about 10 years.  We are debt free with some capitol and excited to start some real estate investing at this stage of our lives.  I am strongly considering multi family as our first route to get started on this crazy journey.  Any tips or tricks to breaking into the competitive San Diego market?  Some light research  and reading through some blog posts on BP I can already tell this no easy in todays climate.  Looks like most recommend going the house hacking route, but for my situation I would preferably like to start with a 3-4 unit property without owner occupying that can cash flow from the start.  Not afraid of units that need work or rehab.  Thanks for your time and any suggestions.  

[Twana Rasoul]

@Brian Ramos welcome back to SD. If you want to get started with investment 3-4 units then minimum down payment option is 25% down. If you are owner occupying with a 30 year fixed loan, minimum down for a 3 or 4 unit is 20% for conventional loan, $0 down using VA loan and FHA loan is not possible due to "self sufficiency" rule.

You may want to consider utilizing a low down payment option as well to owner occupy something even if you end up purchasing a separate 3-4 unit multifamily property.