All Forum Posts by: JC Espinoza

My starting the process of my buying my very first real estate investment, I've decided to go with multi-family, I plan to buy and hold, I plan on buying a duplex or triplex, I plan to live in one unit and rent the other one(s), I live in a town where there are many old properties such as Victorians, a-lot of the time witch I prefer because I plan to update it with time such as carpet, appliances, counters etc. I plan on getting an FHA loan. My questions would be should I be worried if a buy a house that's 80+ years old? I current live in a 4-plex that is 100+ years old that was once one big house. Old houses very common in my town (Eureka CA). I also plan on using a line of credit for my down payment since I don't have very much money but great credit, I'm 23 years old. Does it make sense to buy a duplex and the other unit only covers 50-60% of the mortgage? I would also be adding a monthly expense of 300-500$ for using my line of credit, Any advice would be greatly appreciated!

I’m trying to fix my first deal, 23yrs old with great credit but no money, I have access to 50k in lines of credit. What would you do? I live in Northern California. I want to get into multi family but I need to “get my foot in the door”

@Carson T. Thank you appreciate it!

@Josh Bakhshi awesome thank you will try that!

New member from Eureka CA, looking to connect with the local real estate community and learn more about this market