Updated almost 9 years ago on . Most recent reply
Healthy Markets for Fourplex Investing
Hello PM Community,
I just invested in my first SFH in Kansas City and financed it with a traditional conventional loan 20% down.
Since I do not have much capital anymore, I am looking to accelerate my investing strategy by house hacking a Fourplex and using a FHA (3.5% down). However, I live in California which is not a suitable market for investing.
I realize I'd have to move into the Fourplex if I wanted to use FHA financing. So what I'm really looking for is recommendations on which out of state markets I can find deals on Fourplex properties?
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- Real Estate Broker / General Contractor / Property Manager
- Kansas City, MO
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@Edgar Estrada, Kansas City is also a great location for small multi family properties. Have you tried looking for multi units in KC? I know of several 4 plexes For Sale in good areas of KC (areas I wouldn't be afraid to walk alone at night), priced between $200k-$400k.