All Forum Posts by: Marquis Soto

I'm just gonna cut to the chase & be blunt. I have NO. IDEA. what I am doing. All I know, is that I would like to start a journey investing into real estate. Because of this, I require some help on getting started. That's when I came across this website. I understand this is probably a long shot, however I believe one who has a strong desire to learn and is willing to commit, can attract those things they are looking for. So in this case I am looking for someone who can show me the ropes on how to invest into a multifamily property and/or possibly go in on a deal together in the future. Most of all, someone who is willing to provide me with the mentorship I need in order to get a foot in the door.

Thank you,

It'd be a pleasure to speak to any of you

Hey @Marquis Soto, welcome to the BP Forum! What type of MF properties are you seeking, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"?

Hi Jaycee,

Appreciate the welcome! If i end up going for a smaller MF, it would have to be a 4 unit. But the bigger picture I'm aiming for, is at least 5 units minimum. Not sure about prices. I'm middle class, so my only option as of now is to go for an FHA loan. In terms of types of properties, ideally one that comes with less stress and headaches. Not entirely sure because I honestly have no clue how any of this stuff works. I've only just scratched the surface.

@Marquis Soto Here's your first lesson, FHA loans max out at 4 units. Also, to use FHA, you have to house hack. So with that, would you be looking for a 4 unit MF in San Diego?

@Jaycee Greene Yes! I remember seeing that during my research. Unless I can find the funding or someone who is willing to take part ownership in exchange for a down payment, the FHA is what I will be going for. & yes, this would be in San Diego.

@Marquis Soto have you found any fourplexes in San Diego that fit your budget?

@Jaycee Greene not yet. The ones I have come across have been a little out of range. Gonna keep an eye out

@Marquis Soto the cheapest I could find doing a quick search was around $850k.

@Jaycee Greene that doesn't seem too bad. This was for a four unit? Where was this listing posted?

here you go: https://www.realtor.com/realestateandhomes-detail/3064-Island-Ave_San-Diego_CA_92102_M29296-76669?from=srp-list-card

@Jaycee Greene doesn't seem like that one is currently active. It's shown as pending. Since that one is a little beat up, what opportunities are there from an investor perspective?

0 Votes

San Diego, California

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Hi everyone,

Thank you,

It'd be a pleasure to speak to any of you

Hi Jaycee,

@Marquis Soto Here's your first lesson, FHA loans max out at 4 units. Also, to use FHA, you have to house hack. So with that, would you be looking for a 4 unit MF in San Diego?

@Marquis Soto have you found any fourplexes in San Diego that fit your budget?

@Jaycee Greene not yet. The ones I have come across have been a little out of range. Gonna keep an eye out

@Marquis Soto the cheapest I could find doing a quick search was around $850k.

@Jaycee Greene that doesn't seem too bad. This was for a four unit? Where was this listing posted?

0 Votes

San Diego, California

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Hi everyone,

Thank you,

It'd be a pleasure to speak to any of you

Hi Jaycee,

@Marquis Soto Here's your first lesson, FHA loans max out at 4 units. Also, to use FHA, you have to house hack. So with that, would you be looking for a 4 unit MF in San Diego?

@Marquis Soto have you found any fourplexes in San Diego that fit your budget?

@Jaycee Greene not yet. The ones I have come across have been a little out of range. Gonna keep an eye out

0 Votes

San Diego, California

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Quote from @Jaycee Greene:

Quote from @Marquis Soto:

Hi everyone,

Thank you,

It'd be a pleasure to speak to any of you

Hi Jaycee,

@Marquis Soto Here's your first lesson, FHA loans max out at 4 units. Also, to use FHA, you have to house hack. So with that, would you be looking for a 4 unit MF in San Diego?

0 Votes

San Diego, California