All Forum Posts by: Catherine Peters

@Robert Herrera not sure why I can't get your name to come up so I can link it so apologies for that. Just curious what your average cash flow is per unit after Capex and property management, etc. Do you use a property manager and if so, have you found a good one? Since this is two hours from Denver, I would think that would be a given. Really interested in your strategy!

@Bill S. thanks for the feedback! I'll keep everyone posted on what I find.

@James Carlson we just refi'd our current duplex from FHA to conventional so we could move forward with the master plan (muahaaaahaaaaa!!!) of buying another multi-family property with a new fha. Because inventory is so tight, we want to pursue a new build fourplex so that requires a new build fha. Although this does exist, it can be much harder to find a bank that does them. I have researched lending limits and have worked really hard to get us squeaky clean credit and make us attractive borrowers. I have my current broker researching but would very much appreciate any leads on lenders you might have. I envision a future of using multiple brokers/lenders to finance our deals but am just starting out so haven't built this network and have just begun my research. LOVE the airbnb idea, especially if we are next door to monitor that process. Agree that we should run the numbers as if it's a regular rental.

My thoughts exactly @Robert Herrera, which is why I want to shoot for a four plex so I can get the most bang for my fha buck! 

@Bill S. I am exactly the category of 10 yrs from retirement (hopefully) looking for buy and hold rentals for cash flow, and looking to finance via 3-5% fha or conventional loan for owner occupant property for our next one. Really curious about your take on not doing 30 yr conventional. If I'm getting the targeted cash flow with low money down, why would this not be a good idea? What would you suggest as an alternative? What would be your go to financing strategies if you were me, and/or what books would you recommend? I am still learning and would appreciate any advice!

Thanks Mark! I'll do that now...

@Matt M. We are also looking for a modular builder for a four plex in Arapaho county. We want to do a new build fha loan and live in one unit. Precisely because inventory is so low and we want to acquire as many units as possible for each fha we do. I've run the numbers and it makes sense for us at $600-650k all in. I found a new build four plex in Colorado Springs listed for $645k and am trying to find out who the builder is. If you run across anyone you would recommend, please send them my way!

Hi Matt, I'm looking into building a fourplex in englewood on an fha new build loan (would be owner occupied) and am curious about your comment on finish levels. Ours would be built as a mid range rental property so not for resale as we have a buy and hold strategy, but I obviously would want a good product. Can you share what exactly your concerns were? Any feedback would be greatly appreciated!

I am looking at doing this as well and my understanding is that fha new construction loans do exist but are not offfered by very many lenders. I'll let you know if/when I find one and would love it if you would do the same!