All Forum Posts by: Felix Ngatunyi

@Felix Ngatunyi not sure how much capital you have, but buying a small multi-family as an investment property will most likely be 25% down, so an $800k 4-unit would be $200k of your cash. If I were you I would consider buying something as a primary residence, so you can put 5% down or even 3.5% if you do FHA, you could still buy a small multi-family if you want and just live in one of the units or buy a single family, either way buying a primary residence will use less of your cash and you will be able to buy another primary residence again in 12 months and do the same thing over again and just keep the previous as a rental. With the same $200k you will be able to buy over $2M worth of real estate over a few years instead of only $800k all at once as an investment property. The fact that it's just you and your cats will make it easy, I had to convince my wife each time I wanted to buy a house and move. Here is a link to a post that I wrote that might help you: https://www.biggerpockets.com/forums/61/topics/1096979-how-i...

Hello Josh,

Thanks for the note. The latter was more in my line of thinking, purchasing a small multifamily and living in one of the units so I may use less money down and duplicating that process for a while while playing my hands at other forms of investment and then settling into a single-family of my own.

1 Vote

Phoenix, Arizona

Hello All,

My name is Felix and I am new to BP Pro. I currently reside in Phoenix in the Arcadia area and am looking to learn more and get into small multifamily real estate. While I currently do not own any properties (I rent, no need for a home when its just me and two cats), I consider myself a quick learner, coachable and reliable to those I consider a part of "the team". I am not only looking to be financially free, but also surround myself with like-minded individuals and maybe pick up a mentor or two along the way. I have taken a 90-day challenge upon myself to scale to my first property hopefully by Q1 2024; I am hoping to connect with as many energized, disciplined and motivated individuals as possible to learn, network and grow. In my spare time I enjoy cooking, trying new restaurants, working out, hanging out with my cats Tiger and Loki and cheering on the Steelers (Go Yinzers!) Looking forward to connecting.

2 Votes

Phoenix, Arizona

All Forum Posts by: Felix Ngatunyi

Felix Ngatunyi has started 1 posts and replied 2 times.

Post: New REI looking to get into Small Multifamily

Post: New REI looking to get into Small Multifamily