Where to begin with Multi-families and rentals

[Miguell Botello]

Hello everyone! I’m new to the community and I believe I have my mind set on multi family’s. Does anyone recommend any first steps or maybe books, podcasts I should listen to? Any advice or tips would be greatly appreciated, thank you !

[David Espinosa]

I would suggest "house hacking" by getting a 2 to 4 unit using a fha loan. You can get in for 3.5% down live in one side and rent out the rest. It will give you the 2 year experience alot of lenders will require to start using rental money as income. It will also give you experience as a property manager to see exactly what is required of one if you do decide to sublet that out. You will have to occupy one of the units within 60 days and be required to live there for at least a year.