All Forum Posts by: R Koz
R Koz has started 2 posts and replied 4 times.
Post: First investment property! Looking for recommendations!
- Posts 4
- Votes 1
Quote from @Mark Fein:
FHA mortgages are for primary residence only. Although you can obtain an FHA mortgage for a multi-family or use the house-hack strategy that way and break into real estate investing.
Post: First investment property! Looking for recommendations!
- Posts 4
- Votes 1
Quote from @James Alderman:
Hi! If you click on "Bookstore" and head to the best sellers, you'll find a plethora of amazing information. Many of those books will cover these topics. Your questions are great, though they are BIG questions that depend a lot on your personal circumstances, goals, and skills, and they require some context to answer.
I'd also recommend listening to the BP Podcast where you can learn a ton.
Post: First investment property! Looking for recommendations!
- Posts 4
- Votes 1
Hey everyone,
I’m looking to get my first investment property and am curious about where to start.
1. Would you recommend a single home or a multi-family?
2. What kind of mortgage would you recommend for down payment?
- I've read about FHA, using HELOC, programs for using a smaller percentage down (10-15%) or should I just save up to put the full 20% down cash?
I’m looking for guidance based on other peoples’ experiences and what’s worked best for them to grow short term and long term cash flow.
Also, if there are any sites or books that people can recommend, I love learning and reading up as well but looking where to start!
Thank you for any help!! It’s really appreciated!!!
Post: Recommendations on First STR Property
- Posts 4
- Votes 1
Hi Everyone!
I'm new to STR and currently trying to find the best market to start in. I'm in Ohio and read that I should start near me with the first couple of properties, but with Ohio having more people traveling here during summer vs winter, I'm nervous there could be a dip with seasonality instead of having steady year round coverage.
Does anyone have recommendations on how to do market research without analytics software to feel more confident in a certain area/market?
Does anyone have experience in Ohio or surroundings states?
Thank you!!