Updated almost 10 years ago on . Most recent reply
Buy and hold in another state.
Hi BP, I'm about ready to embark on my RE investing journey but still very confused about a lot of things especially financing. I'm looking to buy and hold multifamily houses in the next state about 2 hrs away. Obviously I can't house hack with an FHA and commute 4 hrs (back and forth) to work everyday. What's my next best option? Houses where I live are too expensive.
I appreciate all advice
Thank you
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James Wise
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James Wise#2 All Forums Contributor
#2 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
When looking at a non owner occupied property your looking at 20-25% down.