Updated over 5 years ago on . Most recent reply
Newbie Real Estate at 25
Hey BiggerPockets family, I hope all is well in this crazy year we all have been having. I just broke out of COVID unemployment to work as a manager for multiple storage facilities earning an hourly wage. I have about $6500 saved up and a pretty decent credit score. I've recently started researching qualifications for a FHA loan and noticed it can be used towards purchasing a small multi-family property. Where I live in the New Orleans market, duplexes are quite abundant, however many of them are very distressed still from hurricane Katrina. With that said, I have a few questions for those who own small multi-family properties:
Where can I find multi-family homes besides Zillow?
How can I ensure I profit a couple hundred dollars per month cash flow after expenses?
Does it make sense to look for a multi-family home that is already livable if cash flow is the goal?