Lets Connect: Searching Multi-Family (4-plex) as 1st Primary Residence in TX

[Ruben Beraza]

(First Time Home Buyer / House Hacking)

Hello BP Community,

I'm based the Bay Area, Ca & have fix n flip experience in this market. I'm new to the rental side of the RE business & searching for a multi-family, single story 4-plex primary residence in the Texas-San Antonio, Houston, Dallas markets. I plan to leverage an FHA loan to kick off my long term rental portfolio. I'm aiming for a mix of appreciation & positive cash-flow after some value add work is done to the property over the course of first year of ownership. I plan on putting some elbow grease myself but mostly contracting the work out to allow the professionals to do what they do best. I know this may be very difficult in todays market, however it's possible.

In addition, I’m wishing to connect & build relationships with local investor friendly agents in these areas who invest themselves, help clients with investing opportunities & are tapped into off-market listings. If you have experience structuring creative financing deals, all the better. Open to agent recommendations / money lenders as I begin to get my ducks in a row to execute effectively by no later EOY. Much appreciated & thanks in advance! 

Happy to connect via BP / Zoom / IG whichever platform works best to fill in any gaps in my post. 

[Loren Polito]

@Ruben Beraza

If you have any questions on the small multifamily San Antonio market or good neighborhoods to focus on please let me know. I’m originally from the Bay Area myself and made the move out here a few years ago and couldn’t be happier.