All Forum Posts by: Josiah Harp

@Joe Aiola thanks for the advice. I appreciate it! I will look more into partnering with someone else. I think bringing value to the table like managing the property would help! Plus I’ve always been interested in property management and I would learn a lot!

I came across a 4 plex on Zillow. It was listed a couple months ago then it was taken off, now it’s listed there again (about 3 days now). It has been my dream to get started in real estate investing with a 4 plex so I could house hack it.

This 4 plex is around a ton of other 4 plex’s and they’re not luxury by any means. They’re all near a large military base that gets a lot of people renting around that area.

This deal is listed at 200k. And I ran the numbers and they look pretty solid. I could possibly cash flow while living in it (live for free for sure). Once I move out, I would cash flow $500-$700 per month maybe more.

The questions is, I don't have a job (current college student), but I will get one soon. Along with my fiancé getting a full time government job soon (5 months). That's the thing, if I wait, the deal might be gone. So how can I go about purchasing this property with no money? Can I get an FHA loan with borrowed hard money? Should I just use hard money and put 20% down? I really want to utilize the FHA because you can only use that once and the sooner you use it to invest the better. I haven't asked the owner about owner financing yet either.

Also, is now a bad time to invest with this pandemic still going on? Would waiting be more beneficial?

What are your thoughts?