Investing in multifamily deals as a new investor in Dallas

[Demarcus Owens]

Hello I am a new real estate investor looking to get started in the Investing world. I have watched and listened to a few podcasts on house hacking and getting an FHA loan for a multifamily unit ( tri plex or four plex) and renting out the remaining units. Has anyone in the Dallas area done this and if so would you be willing to share some insight into getting started with this strategy? If I can be of any service as well to any seasoned investors I would be more than happy to connect on that front. Thanks for any advice. This is an awesome platform to be apart of!!!!

[Arissa Pedroza]

I live in San Antonio but have done this before. You just need to get in touch with a lender that will lend an FHA loan on a 4 plex. Some DO count the income from the other units in order to assist you to qualify. You will need an agent to find the property for you and many of the good agents can also refer you to a lender that will lend an FHA - most do.