All Forum Posts by: Kris Lawhead

I should of clarified, my current property is not owner occupied. It was purchased as an investment. The second property I would use owner occupied financing. So from what I gather, there wouldn't be any restriction?

I recently closed on my first multi-family property in June of this year(2016). Things have gone pretty smooth so far. My realtor recently reached out to me and told me the owner of the 4-plex across the street is interested in selling. I haven't done a walk through yet, but if all is well I think I can make this into a really good deal. My question is: I only closed on my last property a little over 60 days ago and I've made one mortgage payment thus far. Is there any time restriction for getting another home loan? I know that my finances wont be an issue, but I don't know if there is a period of time that I must wait before I can finance again.

Any information and/or advice would be appreciated.

Toxey McDavid,

I would consider investing in surrounding areas, it's really all about how good the deal is. I have done some research in surrounding areas, but haven't found anything that fits my criteria yet.

Reese Thompson I do not plan on living in one of the units. It would not be large enough for my family. So I will more than likely put 20% down and go with a conventional loan. 

Hello BP friends, 

I have been listening to the pod casts for a couple years, but I am a new member to the bigger pockets community. I currently serve in the military. My family and I will be moving to Ft. Rucker area in a couple months. I love the idea of buy and hold investing so I have been doing research on multi-families for sale in that area and I am excited to start investing. 

The price range of fourplex's in the area are right in my budget, so I am currently shopping with a few mortgage brokers to get my finances lined up. I am also trying to find a real estate agent to work with. I'm hoping BP will help me to network better than I am on my own. 

I absolutely love talking about real estate, hearing advice from others, and any other information I can get my hands on about real estate investing. If any one has advice for me I am always willing to listen and put that advice into motion. 

Thanks!