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RE: Multi Family Housing = The Big Fish
Well, I'm in the coastal area of Virginia known as Hampton Roads. I see you're in Spokane. I know it's a little ways off but I did check out the market on the western side of Puget Sound, Bremerton, Port Orchard, down to Tacoma or so and up to Poulsbo. I saw some good properties and even some distressed extended stay hotels that might be neat investments. I'm sure that's a solid 8 hour or more drive from Spokane, but may be worth looking into. Personally, I can't handle the rain there :p beautiful countryside though
Oh yea it's definitely beautiful over there. I was looking for multi-units so that I could live in one unit and use the FHA 3.5% down, which is why I was being quite picky since I would be living there as well. I'm sure if I went strictly for investment purposes I could find other options. That's awesome that you're getting a 1.6% return though! A couple more of those and you will be sitting pretty!
Thats the thing. I could never live in my fourplex. I would have to be in a REALLY tight spot to consider it.
Thats currently what I'm looking for as well! It is tough to find a 4 unit decent priced to live in. But you can also use a 203k on a 4 unit, although I'm not sure if this raises down payment?