Thinking about buying a duplex, triplex, or even a quadplex? Small multifamily properties are often some of the BEST investments for cash flow, especially if you plan to live in one of the units! But how does this type of property differ from a single-family home? What do you need to know before buying? Listen in to find out!
Welcome back to another Rookie Reply! Today, we’re scouring the BiggerPockets Forums and answering more of your questions. After covering the ins and outs of small multifamily investing, we’ll get into financing your first property. What’s the best loan for first-time home buyers—FHA, conventional, or another option entirely? We’ll put them head-to-head and point you in the right direction! Finally, we’ll discuss several ways to use your home equity to grow your real estate portfolio. From 1031 exchanges to lines of credit, there are all kinds of options!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
What you NEED to know before buying a small multifamily property
The pros and cons of FHA and conventional home loans
Putting twenty percent down versus paying private mortgage insurance (PMI) with less money down
How to defer capital gains tax through a 1031 exchange
The BEST ways to leverage the home equity in your rental property
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
FreddieMac PMI Calculator
Ask Your Question for a Future Rookie Reply
Buy the Book “The Multifamily Millionaire, Volume 1”
Find Investor-Friendly Lenders
Real Estate Rookie 261 – How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-511
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