Envision
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- May 5, 2014
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Why not buy a residential property with 4 units? Focus on just getting into a investment property that makes sense regardless of how the market is as long as you set a strict criteria for finding the correct properties youll be fine. Hustle talk to everyone let them know you are an investor and before you know it youll be finding a deal fair better than you would of if you just stuck to traditional methods. As long as you focus on income based properties and remove the necessary expenses I dont think youll have an issue regardless of the market condition. Seems to be a bit difficult finding a good property at the moment but its possible. Think outside the box.
Generally the reason most people cannot get into a 4plex is because the debt to income ratio is too high/ the numbers cant make sense.
Yes, it is ideal and would be great especially for a first time buyer but acting it out in reality is extremely difficult.
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