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Updated about 6 years ago on . Most recent reply

User Stats

87
Posts
13
Votes
Mack Bailey
  • Simsbury, CT
13
Votes |
87
Posts

New and Improved Plan

Mack Bailey
  • Simsbury, CT
Posted
I started my real estate learning about 2 months ago and though I'm about a year from buying my first deal at this point I have talked to mentors, read numerous forum posts, and books and have made a more concrete plan. I plan on getting enough money for a 10% down payment on a 3/4-plex between 150-200k using an FHA loan, House hacking and potentially having a roommate(s) to save even further. I will utilize the 2 in 5 rule to avoid taxes on capital gains and I will keep my part time jobs for cost of living and reinvestment. What do you think?

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