Not enough money for my area?

[Christopher Johanson]

Hello all,

I'm looking into starting an investment portfolio by purchasing my first MFH within an 8 month timeline. I live in MA, which is a notoriously expensive state, relatively speaking. Most of the duplexes and triplexes etc... in my area fall into two categories. They are either A) Built pre-1900 and pretty beat up... or B) Very Expensive *400k - 600k* for something half decent. 

I'm looking to owner occupy for a year or two within one of these investments, so I don't want to be forced to living in a dump just because I may not qualify for a mortgage at the higher level. I'm 21 years old, and I have about $20-25k available in the bank for my startup. 

Investors in MA relate? 

Thoughts?

[Mike Hurney]

@Christopher Johanson Welcome.

I agree with @Eric Popso "I think your first step is to see what you qualify for, I think with $25k to put down at 21 years old you might surprise yourself."

The quicker you find what you qualify for, the quicker you can focus on what you can buy and where!