New member from Orange County, CA

[Dean Suzuki]

Hi,

I'm a new member from Orange County, California. I am a beginner buy and hold investor. I started investing in 2009 and purchased properties in Southern California, Phoenix, Dallas, Atlanta, and Memphis.

I am looking to learn more about real investing and am focusing on buy and hold.

Question: I have invested in SFR and want to learn more about investing in multi-family. Any suggestions appreciated.

Question: I have also reached my maximum 10 Fannie Mae loans and am looking for any advice on going beyond the 10 loans.

My long term goal is to generate enough passive cashflow to exit the rat race.

I have started listening to the podcasts and reading through the forums.

Thanks for your help

Dean

[Jon Klaus]

2009 is about when I started seriously, too. Not a bad time to pick up properties on sale. You must have a decent equity position.

You should talk to banks about commercial portfolio loans. These are loans the bank will keep, so they use their own criteria rather than FNMA's. Banks local to the properties you want to buy. They like local collateral. The interest rates may be higher, and the terms shorter, but it's what is normal to keep going. Multi-family may be an appropriate step at this time.