Updated over 5 years ago on .
Multifamily BRRRR-ing using an FHA Loan
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $450,000
Cash invested: $18,000
My wife and I bought this fourplex using an FHA loan with only 3.5% down! We raised rent and only one person wanted to leave which was perfect because we needed to move in to one of the units anyway. We renovated it and are currently living for free and even cashflowing because we manage the property ourselves. We are just getting in to REI but are excited at the prospects!