All Forum Posts by: Reaz Alli

Adam P. Thanks for the help! I'm just trying to figure out the best route to go into my REI, I wanted to buy multi family houses for rentals to get more units with one loan. I wanted to use fha but guess that's not going to work. So say if I wanted to flip a house could I get a 203k loan or I would have to live in it also right?

Adam P. Thanks and what if I wasn't going to live in it I would have to get another conventional?

Hello BP I have a newbie question. I'm living in my house right now, which is a SFH - I put 20% down. I was looking to buy my next property and I would like to use a fha on the next property if possible so I could use a low down payment... but would I have to live in it? What's a good way to buy my next property? Most likely a duplex or multi family house.

Congrats!!! Motivating!

Tim Jones Those were all really good points, and I will definitely consider each of them. Thank you for your feed back and taking the time to answer. I really appreciate the insight and I am taking notes.

Brian Phelt Thanks for the feed back Brian, yes that is what we are looking to buy first a duplex to house hack. Our plan would be to house hack while continuing buying multi family houses, as for house flipping we aren't really interested in it as our strategy. Appreciate all the responses they are really helping us!.

Will Pritchett Thank you those are all good options!, I was thinking of staying rented since it's low rent and buying some property since I would be able to still save a lot. I think your right about saving my cap and going with a FHA for those properties, I'm going to work the numbers on that when I find a potential property. I would love some insight thank you so much I will reach out to you!.

Tyler Roicki Hey Tyler thanks that would be great. I will give you a call.

Thanks Joshus I will try both of those!

Hello BP, I am a new investor here ready to get my feet wet. I am 28 yrs old. My fiance and I are looking to make our first investment deal. we have been reading books and doing all our ground work to learn as much as we can.​ Our only bump in the road is we just moved from New York to San Antonio, Texas and we are not too familiar with the best strategy to start with. We wanted to start with a duplex and house hack but all the duplexes that we have seen are in bad locations and we don't feel comfortable living in these run down areas. We aren't sure if we should buy a fixer upper, rehab it, maybe live in it, while saving to invest in the multi family houses or if we should start with a different strategy. In New York there were a lot of multi family houses which made sense but I'm not to sure if San Antonio would be the same. We have seen a lot of SFH that could be flipped. Should we change our strategy and maybe start to BRRRR on SFH? Right now we are currently renting and want to stop wasting money. Our lease is up in April 2017, and we have enough for a 20% down payment on a house for up $168,000. Any help would be appreciated. Thanks BP!