Congratulations on starting your real estate investing journey! Using an FHA loan to invest in a quadplex is a great way to get started, as it allows you to take advantage of the low down payment requirements and favorable interest rates.
When it comes to finding a good quadplex to invest in, there are a few things to keep in mind. First, you'll want to focus on markets that have strong rental demand and low vacancy rates. This will ensure that you have a steady stream of income from your rental property. Some areas that have been popular among real estate investors in recent years include Texas, Florida, and parts of the Midwest.
Another thing to consider when looking for a quadplex to invest in is the condition of the property. You'll want to look for a property that is well-maintained and in good condition, as this will help you avoid costly repairs and maintenance down the line. It's also a good idea to have a professional home inspection done before closing on the property to identify any potential issues.
Finally, it's important to have a solid understanding of the financials involved in owning a quadplex, including the potential rental income, expenses, and cash flow. This will help you determine whether the property is a good investment and whether it will generate the returns you're looking for.
Overall, my advice would be to take your time and do your due diligence when searching for a quadplex to invest in. It's also a good idea to network with other real estate investors and professionals in your area to gain insights and advice from those who have been through the process before. Best of luck with your investing journey!
