Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Blain Thomas
  • Realtor
  • South Jersey Area
1
Votes |
6
Posts

Money to Help Purchase My First Multifamily Property

Blain Thomas
  • Realtor
  • South Jersey Area
Posted

Hello all,

My girlfriend and I are slowly but surely saving up to purchase our first multifamily property next year. My NACA councilor said I need approximately 26k to move forward. We've got some saved up now. I like our savings pace, but I'd like to speed it up a bit. How did you guys save up for your first property? Side gigs, second jobs, budgeting, combination of things, etc.

Thanks in advance

Most Popular Reply

User Stats

667
Posts
490
Votes
Malcomb Stapel
  • Investor
  • Topeka, KS
490
Votes |
667
Posts
Malcomb Stapel
  • Investor
  • Topeka, KS
Replied
Quote from @Blain Thomas:

Hello all,

My girlfriend and I are slowly but surely saving up to purchase our first multifamily property next year. My NACA councilor said I need approximately 26k to move forward. We've got some saved up now. I like our savings pace, but I'd like to speed it up a bit. How did you guys save up for your first property? Side gigs, second jobs, budgeting, combination of things, etc.

Thanks in advance


 Budget aggressively, save ruthlessly and work as much overtime as you can afford! Next time you think about going out for a quick bite to eat because you had a long day and don't feel like making anything, just eat a cold cut sandwich at home, then take the $20 you would have wasted on some McNonsense and put it directly in the savings. 

  • Malcomb Stapel
  • Loading replies...