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All Forum Posts by: Mario Cruz

Mario Cruz has started 1 posts and replied 4 times.

Chicago, Illinois
First-Time Home Buyer

Post: Advice needed for 1st investment

Mario CruzPosted
  • Posts 4
  • Votes 5

Hi everyone, Thank you for all your advice and comments. I will definitely be looking into a multi-family. 

0 Votes
Chicago, Illinois
First-Time Home Buyer

Post: Advice needed for 1st investment

Mario CruzPosted
  • Posts 4
  • Votes 5

Hi @ Andrew Garcia, Yes I will look into buying a duplex. The only problem is when one hits my market is gone within a day. I appreciate the advice. Thanks!

0 Votes
Chicago, Illinois
First-Time Home Buyer

Post: Advice needed for 1st investment

Mario CruzPosted
  • Posts 4
  • Votes 5

Hi, my name is Mario and I am brand new to real estate investing. We are a family of 4 and looking for our first investment opportunity and seeking advice from the BP family. Our plan is to purchase a multi-family home, live in one unit and rent out the other. We have roughly 100K available and plan to purchase with an FHA loan. In your experience, does this seem like a reasonable plan or would purchasing a single-family home to live in for 1 year, then renting out be a better option? Any advice would be appreciated!

5 Votes
Chicago, Illinois