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Updated over 9 years ago on . Most recent reply

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Austin Mathews
  • Beaverton, OR
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New member from Oregon

Austin Mathews
  • Beaverton, OR
Posted

I am new to real estate investing. I am hoping to purchase a duplex within the next year and make in an owner occupied rental. From there I am interested in investing in more multi family properties, either by refinancing and investing the equity into more properties, or pyramiding by selling and moving up to bigger properties. Any advice or suggestions on these matters would be much appreciated, as I am very green when it comes to real estate investing. Thanks and I look forward to using this site!

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Ashley St. Gelais
  • Specialist
  • Essex Junction, VT
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Ashley St. Gelais
  • Specialist
  • Essex Junction, VT
Replied

Hi @Austin Mathews

Welcome to BP! It's a great community here. You will gain a TON of knowledge and who knows - maybe you'll even find a partner or two.

Knowing that there is a resource available to me that offers advice on pretty much any REI question has been a huge benefit to me and my business.

Investing in multi family properties by using as little of my own money as possible is my game.

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment. Please let me know if there is anything I can do to help you in your journey! : )

A

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