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All Forum Posts by: Blake Rice

Blake Rice has started 1 posts and replied 4 times.

Post: Looking to purchase 2nd property, any advice?

Blake RicePosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 1
Quote from @Katherine Blazer:

@Blake Rice , I agree with everyone. I would use the FHA mortgage to qualify for up to 4 doors. Do you work in a remote position and that is why you have multiple cities listed?


 I do work totally remote in Tech. I have a ton flexibility for moving and what not. I own in Tampa, Florida so housing hacking there has been a reoccurring theme. Thanks for all of the insight. The goal is apartment buildings long term but as of now.

Post: Looking to purchase 2nd property, any advice?

Blake RicePosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 1
Quote from @Nathan Gesner:
Quote from @Blake Rice:

You already live in an apartment, so buy a four-plex with less than 5% down. Live in one unit, rent the other three out. Repeat in a couple years.

Thank you! Any off market deals you recommend and where to locate these or will zillow suffice?


Post: Looking to purchase 2nd property, any advice?

Blake RicePosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 1
Quote from @Eliott Elias:

Take full advantage of your primary lending, buy a fourplex and put the minimum down. 


 Thank you! Any off market deals you recommend or will zillow suffice? 

Post: Looking to purchase 2nd property, any advice?

Blake RicePosted
  • Rental Property Investor
  • New York, NY
  • Posts 4
  • Votes 1

So I have a 1 property that I short term rent and rent an apartment for now. I am looking to buy a 2nd property and possibly live in it as the goal is to buy 1 property over the next 5 years. Any advices on t he 2nd property? Should it be a condo or a home, duplex possibly? I've done a ton of research and understand is almost more important than your first property. I am open to LV, Tampa FL, New York, and Dallas.

Thanks in advance.