All Forum Posts by: Alex Kohler
Alex Kohler has started 4 posts and replied 13 times.
Post: FHA loan, down payment, cashflow
- Posts 13
- Votes 0
Quote from @Steve Cooper:
I'm 82 years old back in eon's I bought SFR property with no money down. Cashflow was barely makin' it. Full time work, low expense on my part was ok.
I then 1031 tax exchanged that place for duplex out of town, but in state. Still have duplex with big positive cashflow.
Brandon Turner (biggerpockets) has a low down/no down book you should get. Great ideas and examples in it.
Good luck
Post: FHA loan, down payment, cashflow
- Posts 13
- Votes 0
Hi BP!
I had a quick question.... If you use and FHA loan for 3.5% down on a small multifamily property can it still cashflow (or at least pay mortgage) if I live in one of the units? Or will I have to put at least 20% down to house hack it? If so, what are the best cities to start out in if this is my first investment and not a ton of capital? Let me know, thank you!!
Post: I have $150,000. What would you do?
- Posts 13
- Votes 0
Hi there!
I am new to BP and have a few questions as I am a new investor. I have $150,000 cash and my goal is to become financially free as soon as possible with having all expenses paid with cash flow as well as growing my wealth. How would you go about allocating these funds. Also, what areas are the best for house hacking/rental properties? Would you buy multifamily or single family?