Healthy Markets for Fourplex Investing

[Edgar Estrada]

Hello PM Community, 

I just invested in my first SFH in Kansas City and financed it with a traditional conventional loan 20% down.

Since I do not have much capital anymore, I am looking to accelerate my investing strategy by house hacking a Fourplex and using a FHA (3.5% down). However, I live in California which is not a suitable market for investing.

I realize I'd have to move into the Fourplex if I wanted to use FHA financing. So what I'm really looking for is recommendations on which out of state markets I can find deals on Fourplex properties?

[Chris Dawson]

@Edgar Estrada, Kansas City is also a great location for small multi family properties.  Have you tried looking for multi units in KC?  I know of several 4 plexes For Sale in good areas of KC (areas I wouldn't be afraid to walk alone at night), priced between $200k-$400k.