Updated over 9 years ago on . Most recent reply
Howzit! Newbie from Hawaii!
Aloha BP Community! I am new to the forums and have been listening to Bigger Pockets religiously for the past year. Been doing some research and reading a lot of book to educate myself in RE.
I live on the island of Oahu, Hawaii. I'm looking into investing in multi-family and looking to do so by purchasing a 4 unit using a FHA loan. Properties here are really high and the multi's I have been looking at range from $900k-$1.5m.
I wanted to get feedback if this is a good way to start investing. Will use my own money and a family member will help me with the remainder for a down payment. I'm really excited to see where this can take me. All help and guidance is appreciated.
Mahalo,
Aaron
Most Popular Reply
Aloha @Aaron Cayabyab! If your looking to buy in your area I would try and live in one of the units and purchase as an owner occupied. You'll get better down payment terms and it's a nice way to get into the multifamily space. There are some value add opportunities throughout the nation if your looking for other areas as well.