Thinking about buying a duplex, triplex, or even a quadplex? Small multifamily properties are often some of the BEST investments for cash flow, especially if you plan to live in one of the units! But how does this type of property differ from a single-family home? What do you need to know before buying? Listen in to find out!
Welcome back to another Rookie Reply! Today, we’re scouring the BiggerPockets Forums and answering more of your questions. After covering the ins and outs of small multifamily investing, we’ll get into financing your first property. What’s the best loan for first-time home buyers—FHA, conventional, or another option entirely? We’ll put them head-to-head and point you in the right direction! Finally, we’ll discuss several ways to use your home equity to grow your real estate portfolio. From 1031 exchanges to lines of credit, there are all kinds of options!
Ashley:
Okay, let’s get your questions answered. I’m Ashley Kehr and I’m here with Tony J Robinson
Tony:
And welcome to the Real Estate Rookie Podcast where every week, three times a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. And today we’re diving back into the BiggerPockets forum to get your questions answered. Now, Ricky’s, the forums are the absolute best place for you to go to quickly get all of your real estate investing questions answered by experts like me, Ashley, and so many more. So today we’re going to discuss first what to know before buying a duplex, triplex, or fourplex, what loan options are really best fit for a first time home buyer? And finally, how to pull equity out of your property. So with that, let’s get into today’s rookie reply.
Ashley:
Okay, so our first question today is if you are going to be buying your first ever two to four plex, so a small multifamily, whether to live in or just to invest in, what are some of the concerns and questions on your mind, things…