All Forum Posts by: Amber Koontz

@Tony Castronovo Keep up the good work, this is very educational!

@Sammy G. Will do!

I can't make this one, but I'd love to come and learn in the future.

@Tony Castronovo Thank you and same to you!

@Tony Castronovo That is awesome, being a memeber of Bigger Pockets is life changing! I look forward to moving into small multis soon an working my way up to bigger complexes. Keep up the great work and contribution!

@Tony Castronovo Congratulations on effective negotiating! I look forward to your updates on this acquisition.

@Austin Petrie I would choose MFRs because I view the work on my part as the same it takes to buy SFRs. The big difference is having more support to cover expenses. 4 SFRs vs 1 Fourplex...I'd choose the one transaction. When I started out, SFRs where the main goal. As far as the lessons, I understand what you mean by not jumping into something above your comfort level and that makes sense. Just from my experience I'd love to have networked with successful investors to gain insight, direction, and an action plan to start with a MFR. I'd suggest MFR whether you wanted to house hack or not. House hacking would get you in with a lower down payment using an FHA loan, and that is pretty favorable. At the end of the day, both are great investments as long as the numbers work. As you grow, your goals may change as mine have or not. I will still purchase SFRs if the numbers work!

I would get into small multi family right away. (2-4)

Routes: FHA, HML to Conventional, partner, etc.

Why: I would build equity to possibly refi, or sell…most likely just refi and use equity to work my way up to 5+ units….

The ultimate goal is to get into apartment investing.

@John Leavelle What an inspiring post, I love the creative financing!

@Dennis Vo No one  gets used to this humidity!! Lolz

@Michael Wolffs That is a very creative way to get the ball rolling. Congrats for thinking outside of the box! I wish I'd went more for the credit line before getting started, because my current line increase was denied due to all of the hard inquiries made while buying single family rentals. I may have to shop around a bit more. I noticed you mentioned getting a mortgage based on the NOI. I'm a very new to this, so I could be incorrect, but I think on a fourplex you will have to use actual comps for the area. NOI starts at 5 and up units. I'd love to follow your story if you decide you post about your journey on this one. Good luck to you, and great job on taking action!