All Forum Posts by: Josh Huber

All - Thank you for the insight. 

@Michael Seeker - Your logic makes a lot of sense to me. I've never considered that development strategy before. I appreciate the explination. 

@Teri Feeney Styers - I should clarify. I'm referencing brand new development. Not BRRRR (buy, rehab, rent) properties. Personally, I see BRRRR as the best method of investing in REI (I'm sure this can be heavily argued). Also, congratulations on your two flips!

@Account Closed - A lot of great points. I'd have interest in hearing theories from other investors as well. 

Being new to the REI world, I've been searching solely for existing multifamily properties. But with new multifamilies properties being constructed like crazy in my area (Ohio), I cant help but wonder; why? Traditionally, isn't there more ROI in purchasing existing multifamilies rather than constructing new ones? With the demand in construction services across the industry (businesses, single families, multifamilies, etc) being so high, how are people that're investing in new multi-families making money?

-Josh 

Hello all! 

Out of curiosity, can you purchase a property with four different houses on it with an FHA loan, similar to house-hacking a 4-plex multifamily?

Thanks in advance!

-Josh

I highly agree with @Matt K.. Many people end up mixing personal and LLC means of accounting, making it completely useless. Do your studying and consult with both an accountant and lawyer before forming one.

It would be convenient, but no. Not for FHA loans. However, I still highly recommend forming an LLC before your next investment.

@Bob Green, my currently strategy involves fast-paced growth the first 5-7 years, then slower growth after. Would you mind sharing your strategy? 

Thanks for the input everyone. One thing I heard recently is that banks can demand full repayment on HELOCs before the 10 year is complete. Has anybody heard of this before?

Great list. Thanks for the recommendations everyone!

Hello everyone! 

As I continue to search for multi-families to purcahse, I'm stuck in a mental debate of Cash-Out Refinance vs. HELOC?

I purchase a house about 2 years ago that I fully renovated and moved into. I currently owe 40k, and the appraised value of the property is 120k, leaving me with 80k in equity. If you were in my shoes, would you have more interest in a Cash-Out Refinance or take out a HELOC to fund a multifamily investment?

Thanks in advance!

-Josh 

Thanks, Aaron! I've only heard good things about that book, so I'll add it to my list!