All Forum Posts by: Sindy Mejia

Are you able to get an FHA Loan after you purchased a property at an auction in MA?

Thanks kindly. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $300,000
Cash invested: $20,000
Sale price: $470,000

When I first purchased the home the idea of selling it did not cross my mind as finding the right one was a bit difficult but once I became aware of the type of money I could make, it opened a new world for me.

How did you finance this deal?

I did purchase the property with an FHA loan so with the closing costs and down payment I initially spent about $19,000.

How did you add value to the deal?

I did remodel the attic, adding living space to the home.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $300,000
Cash invested: $20,000
Sale price: $470,000

How did you finance this deal?

I did purchase the property with an FHA loan so with the closing costs and down payment I initially spent about $19,000.

How did you add value to the deal?

I did remodel the attic, adding living space to the home.

Hi everyone,

My name is Sindy I currently live in Brockton, MA. But recently I decided to sell my house and made over $100K - this has since peaked my interest in the real estate business. I'm leaning towards owning multiple rental properties possibly even some STRs. I've done some research and I think Raleigh, NC is where I'd like to move to and purchase my investment properties. Looking to connect with any experienced Real Estate agents in the area that can help me find the best deals with properties that will cash flow. Ideally I'd like to first purchase something like a duplex or a multi family so I can move in to one of the units and rent out the rest, from there once I'm settled I'd start to look into more investment properties. Any advise is also more than welcome!

Thank you.