Updated over 2 years ago on . Most recent reply
Receiving 100k-200k in the summer. Need help on which direction to go.
Been blessed with an opportunity to start with some decent capital. Ideally I want to buy my first small multi family. I live in New York Manhattan area now. Debating whether I go with an FHA on a duplex, triplex, etc. locally, or just go for conventional 20-25% loan on a single 2 bed apartment in good location. There is also option for out of state ( I've been thinking Columbus, Ohio, Victor Idaho, or somewhere in Florida. Currently have a few connections in all states. Just want to make the most out of the funds I will have, and be able to kickstart my portfolio for the future. Thanks all for your time
Most Popular Reply
If this is your first deal, you may want to invest in your local market till you get more experience and build systems.
If you already have a rental portfolio, invest OOS where you may get higher COC return