For instance, FHA loans frequently permit smaller down payments for multifamily buildings, increasing accessibility for owner-occupiers.Examine the Cape Girardeau, Missouri, local real estate market.

So if you're looking to get into multifamily, I would try to identify the people in your area who owns hundreds of units and provide them value in the form of property management, joining their brokerage and bringing them commissions, walking properties for them, starting a meetup to increase their brand.

Also keep in mind that your principal payment increases every month you have the mortgage.

For example, my partner and I acquired a 6-unit for $190k; currently undergoing a $150k rehab and should be worth $410k+ after all is said and done.

We've batted around ideas by raising gradually - in two parts, 1 soon and 1 6-9 months later, and letting them know that and starting with increases soon on some people and in March on others.

The deciding factor was talking to a neighbor who bought his house for $140k in 1994 and now it’s worth $640k.

It might be a weird time to pick up multifamily rentals since there is a massive apartment complex being built at the moment, but single family should be pretty safe.Also worth mentioning San Antonio is experiencing massive appreciation right now and a portion of that is certain to spill over into the Corpus area based on proximity and a lot of San Antonio residents vacationing there.

I’m trying to get the ball moving a little faster than what it is and with not being able to cash out or Heloc for another 6 months, im wondering if it would be worth it to go to a hard money lender?

I tried to use the BP calculator but even then I’m having a hard time knowing what the property is actually worth, or what it will  cost to put the work that needs to be done in it before renters move in.

To increase your knowledge and network, interact with their material, pose questions, and take part in debates.Volunteer or Intern: You might want to think about volunteering or interning with a property management company, real estate agency, or investment company in your community.