All Forum Posts by: Maria Rina Boidon

I would also keep the current property you have an maybe look into how you can utilize your equity (HELOC-make sure you connect with a lender about what this will look like for you) to buy additional properties.

Thanks for your response, Mike. Yes, I think I would like to explore on HELOC. It seems like it is the best option for me.

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Quote from @Charles Carillo:

@Maria Rina Boidon

I personally would probably keep a cash-flowing and not management-intensive property. I have found that some properties I have purchased run smoothly, and others, no matter what I do, don't, and those are the ones I sell. There is no rule about selling single-family rentals before getting into multifamily. I would start your multifamily investment journey now.

Thanks for your response, Charles. I appreciate it. Yes, I am excited to start my multifamily investment journey.

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Quote from @Kim Lisa Taylor:

We have many multi-family syndication clients. All of them who have gone on to do more and bigger deals have started our with a real estate trainer/coach. @Gino Barbaro has an excellent education and coaching program. I suggest you reach out to him.

Thank you so much for your response, Kim. I really appreciate it. I really think I need a real estate coach. I will look into @Gino Barbaro. Thanks for sharing.

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Thank you so much for your response, Wale. I really appreciate it. The HELOC might work for me. By the way, do you have any suggestions for a state where multi-family investments would be a good idea? Quote from @Wale Lawal:

@Maria Rina Boidon

To invest in multifamily properties, leverage your equity through cash-out refinancing, Home Equity Line of Credit (HELOC), or selling the property. Explore financing options like conventional, FHA, commercial, and DSCR loans. Analyze deals using key metrics and build relationships with professionals. Consider house hacking to cover mortgages. Start looking at multifamily deals, analyze deals using tools like BiggerPockets, learn about multifamily investing, and network with local investors.

Good luck!

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Thank you so much for your response, Steve. I really appreciate it. At this point, a house hack might not be the best option for me because the housing costs in California are too high. I’m considering a multi-family property in another state. By the way, do you have any suggestions for a state where multi-family investments would be a good idea?

Quote from @Steve Seger:

@Maria Rina Boidon - Your options can vary based on your current financial position and investment goals. If you are newer to investing and would be willing to live in the same building as your residents, I think considering a house hack could be a good place to start and learn. You could purchase a multifamily property, live in one unit, and rent out the others. This can help you cover your mortgage while you build equity and gain more experience managing multiple tenants and building out better systems and processes if you do decide you want to pursue larger properties.

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Hi. I need some guidance. I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate. Now the property is about $300,000 as per Redfin estimate and I still owe about $150,000 with the bank on this loan. It has positive cash flow of $150/month. What do you suggest I do if I want to start investing in multi family? Really appreciate your advise. Thank you in advance.

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Hello. I need some guidance. I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate. Now the property is about $300,000 as per Redfin estimate and I still owe about $150,000 with the bank on this loan. It has positive cash flow of $150/month. What do you suggest I do if I want to start investing in multi family? Really appreciate your advise. Thank you in advance.

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All Forum Posts by: Maria Rina Boidon

Maria Rina Boidon has started 2 posts and replied 7 times.

Post: Need your advise on how to Start Multi Family Investing

Post: Need your advise on how to Start Multi Family Investing

Post: Need your advise on how to start Multi Family Investing

Post: Need your advise on how to start Multi Family Investing

Post: Need your advise on how to start Multi Family Investing

Post: Need your advise on how to start Multi Family Investing

Post: Need your advise on how to Start Multi Family Investing