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Updated 1 day ago, 01/06/2025
Multifamily investing advice
Greetings, BP forum! New to real estate investing and looking for other perspectives on getting starting.
Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.
I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.
Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.
Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting.
Appreciate any feedback as well as similar stories that the community might be able to share
Thanks and Happy New Years to all!