All Forum Posts by: Caleb Brown

@Joseph Schweizer

One of my fav neighborhoods in kc for BRRR

@Sherry McQuage. I went to a class where they touched a little on mutli family and the income it generates. At the end they wanted 45K for a mentorship which at the time I was crushed to not be able to do that. That class got me thinking long term wise. From there I dived into learning Real Estate and took an interest in multi family.  

Well on the case of house hacking do FHA 3.5% down on a fourplex.

I think Amazon will get deals but I find it hard for them to replace local knowledge, agents being the eyes and ears for OOS clients and that relationship with first time home buyers. A home is sentimental and not like buying a shirt or pants. 

15%-17%!!! That's high if that was in KC. I typically see 7%-10%. Maybe my market is different but that's nuts. At the end of the day PM is very crucial if you have never done managing before. 

Is lenders giving out 10% loan for investors? Since Covid I am seeing a minimum of 20% down. If you can though I'd put down less. The bad part of less than 20% is having pesky PMI to add onto your monthly payment.

I am 20 but being 3 years in I wish jumped in quicker 

Welcome, best of luck!

Everyone has given great recommendations. I would house hack using an FHA loan. I am 20 and plan to do that beginning of next year. Gets your feet wet and it's not expensive to have 3.5% down. Also congrats on having 100K keep hustling and grinding!

Just curious what part of KC? I have seen/helped so many investors buying here.