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Updated about 2 years ago on . Most recent reply
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Hi everyone, starting out in real estate investing & have q's..
Hello everyone, I am looking to start investing into some real estate.. Specifically looking to get into some kind of multi family home or a duplex where I can do some sort of house hack deal. I have about $170k cash saved and willing to do a 10-15% down payment if needed. I do not have a job at the moment but this may change.. The cash I have saved is from affiliate income which is hit or miss.. Some months I make $20k, some months I make $100. If you were in my shoes, what would be the best course of action you would take in order to attain your first property, get the rental income generating so I can eventually with time generate more properties and with more properties, more cash flowing in. I realize the market is not in the best position right now but I figured if I am going to buy a property I might as well start now that I have some cash saved and low to zero debt.
Look forward to any advice and help, thank you!
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Quote from @Austin Godwyn:
House hack. Buy a four-plex with a low down payment, live in one unit, rent the other three out. You should still have plenty of money left over for a reserve and maybe another investment or two. In a couple years, repeat.
- Nathan Gesner
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