All Forum Posts by: Ariam K.

I was 23 years old. I got an FHA loan and used my "saving" for the down payment for the 4 unit. The interesting thing, I put down $2,100 on the 30 of the month. Collected $2,300 on the 1st of the month(very next day) just In rent. So I say make sure your first property is worth it.. Hahaha I'm just saying. As a woman, I had to learn stuff fast.

Aaron Ram You know at first I didn't think I needed to do that since it was my first investment. Now that I've been dealing with tenants and working on my second investment. I'll defiantly be transferring it over soon. I don't want my personal asset to be messed with.

I am getting ready to register for my classes now. I went to Shorewest open house and loved the meeting. What would you all recommend to someone who is getting ready to start with the classes. What school would you all recommend? How should I get myself ready? I have a full time job and my properties on the side. Any comments or help would be helpful right now.

Isaac Dixson Look for a four unit you could live in one and the other 3 you could rent.

Isaac Dixson Congratulation for having the idea in your head. I purchased my first property with an FHA loan 3.5% down for a four unit. It's been a blast. I got my LLC after I closed on the property. 1. Get a approve for the type of loan you desire unless your using your own money. 2. Network! Network! Network! 3. Find a handy Dandy man to do work for cheap and take them with you on the showing. 4. Understand that real estate is not a quick get money scam. You'll do fine. Oh yeah one other last very important part get a mentor who understands real estate! Good luck!

Dave Carpenter thank you for replying Dave. Right I figured that. I read that you could purchase another FHA however, it couldn't be higher than your current property. So for example I have a four unit rental property that I am currently living in. So I couldn't get another four unit. I was just making sure I was reading right.

I have a question. So I currently have an FHA loan for a four unit in Milwaukee, WI. I am looking to do another FHA for a duplex does anyone know if that's possible? How many FHA loans are approved?