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Updated over 10 years ago on . Most recent reply

Joshua Chen's profile image
Joshua Chen's profile image
Joshua Chen
  • Investor
  • from Riverside, California
  • Member since Feb 6, 2015
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User Stats

185
Posts
26
Votes
Joshua Chen's profile image
Joshua Chen's profile image
Joshua Chen
  • Investor
  • from Riverside, California
  • Member since Feb 6, 2015
Connect
Joshua Chen
  • Investor
  • Riverside, CA
26
Votes |
185
Posts
General Real Estate Investing

A first goal

Joshua Chen
  • Investor
  • Riverside, CA
Posted

Hey BP community! I just recently came up with a first goal for my real estate endeavors. I'm thinking of making downpayment on a small 2-4 unit (duplex, triplex, quad) at Oklahoma City, getting financing from an FHA loan, and living in one of the units with a close friend of mine while renting out the other units to cover the mortgage costs and generate a bit of positive cashflow. Does this sound like a feasible and effective plan? Thanks for the help!

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