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Updated over 1 year ago, 06/26/2023

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4
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1
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Ronnie Wainaina
1
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4
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Too broke to start investing?

Ronnie Wainaina
Posted

I'm confused about the best way to get started in real estate, I'm currently living with my parents and my original plan was to buy a multi-family house and house hack it, I wanted to put in 20% down payment looking for a house that costs at most 250,000. The problem is that It seems like it will take a long time to get enough money to even put in a competitive offer currently have around 10k in emergency fund and about 20k just set aside. 

Also, the criteria for the type of house will make it challenging as well with the price and looking for specifically multifamily. The money that I set aside was ment to pay my student loans off that have been deferred should I just be patient and try to save up more or just use a different strategy.

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