My name is Michael and I'm new to the community and real estate investing as a whole.

I’d love to connect with other Multifamily operators or individuals who are looking to invest into Multifamily deals in Houston.

You can typically only have one FHA loan at a time, so you would have to refinance at some point into a conforming mortgage to re-use the FHA to buy another 2-4 unit.

Excited to be diving deeper into real estate investing and making time for my first deal.

Now to clarify, I know how butthurt inexperienced investors can get when investing in Cleveland and not understanding how things go, so I am not taking their accusations at face value, it's not my fight, but it just goes to further illustrate that you have no regard for the truth when you speak

That typically results in a higher payment and an open end mortgage (Credit card) versus cash in the bank that can act as an Asset and PITI reserves where a Heloc cannot.Feel free to reach out if you have any questions, I enjoy helping and talking REI.

In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

Investment Info:Single-family residence buy & hold investment in Charlotte.

Investment Info:Single-family residence buy & hold investment in Charlotte.

Investment Info:Small multi-family (2-4 units) buy & hold investment.