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All Forum Posts by: Shae Dean

Shae Dean has started 1 posts and replied 3 times.

Post: How to Start when you are 19?

Shae DeanPosted
  • Lawrenceburg, KY
  • Posts 3
  • Votes 3

Welcome Casey,

If you can financially make it work, it is never too soon to start. Something you could look into is a duplex-quad that you could qualify for and rent it out to local students or friends. This could also enable you to basically live expense free if you can find the right deal and calculate for any expenses. The early on landlord experience could also be very beneficial if you plan on managing your own properties down the road. Check out this article from someone that was in a similar situation. Good luck to you!

http://www.businessinsider.com/college-dropout-building-real-estate-fortune-2015-3

Post: FHA Duplex loan

Shae DeanPosted
  • Lawrenceburg, KY
  • Posts 3
  • Votes 3
Originally posted by @Tom Waddell:

Hi Shae -- I'm planning on doing the same thing. Good luck to you. Not sure if you saw this great post from the other day: 

http://www.biggerpockets.com/renewsblog/2015/03/04...

 Thanks for sharing!

Post: FHA Duplex loan

Shae DeanPosted
  • Lawrenceburg, KY
  • Posts 3
  • Votes 3

Hey guys first post here so I'll treat this as an introduction as well and then get on to my question. I am currently a property manager with a management company here in Lexington, KY and will soon have my RE license ( just have the exam left). 

I am wanting to get my first investment deal going and after some research and thought I feel that a duplex is what will suit me best. I am wondering if anybody has went through with the "FHA duplex" loan that they offer? Is it fairly common to obtain? I will of course be occupying one side and renting the other. Id like to find a place around here, or we are really wanting to move to Savannah, GA and my thought is if i decided to move it would really benifit to have the extra support with tenants rent.

Thanks for all of you guys help, and if any local investor needs any help or would like to pass on some knowledge I'm up for it!