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Updated almost 5 years ago on .

Jud VanWinkle's profile image
Jud VanWinkle's profile image
Jud VanWinkle
  • Rental Property Investor
  • from Mesa, AZ
  • Member since Jan 30, 2020
  • Posts 7
  • Votes 2
  • Experience 5 Yrs
  • Investments 1
Connect

User Stats

7
Posts
2
Votes
Jud VanWinkle's profile image
Jud VanWinkle's profile image
Jud VanWinkle
  • Rental Property Investor
  • from Mesa, AZ
  • Member since Jan 30, 2020
  • Posts 7
  • Votes 2
  • Experience 5 Yrs
  • Investments 1
Connect
Jud VanWinkle
  • Rental Property Investor
  • Mesa, AZ
2
Votes |
7
Posts
Real Estate Deal Analysis & Advice

Multifamily BRRRR-ing using an FHA Loan

Jud VanWinkle
  • Rental Property Investor
  • Mesa, AZ
Posted

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $450,000
Cash invested: $18,000

My wife and I bought this fourplex using an FHA loan with only 3.5% down! We raised rent and only one person wanted to leave which was perfect because we needed to move in to one of the units anyway. We renovated it and are currently living for free and even cashflowing because we manage the property ourselves. We are just getting in to REI but are excited at the prospects!

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