Looking to continue my investment I have a 4 unit property and Looking for more, my biggest issue has been the lack of capital saves up at least 100k for it. Has anyone used any interesting strategies or ideas to either come up with capital or get their property under 20% down-payment. Im from Taunton been a landlord for 2 years now so I definitely want to move out of my current rental property.
Hey @Klaycon Santos ! Since you're looking to move out of your current property, an awesome option for your next would be house hacking. You can use an FHA loan on up to 4 units, so you could live in one unit and rent out the others and it would hopefully cover your mortgage or more. Or, if you're in an expensive area, you can use the same concept with a single family, living in one room and renting the others. Lots of info here on BP about househacking, it's a great resource! All that to say, if you qualify for an FHA loan, you can put as little as 3.5% down so long as you intent to occupy it for one year. Best of luck!