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Updated almost 9 years ago, 02/20/2016

User Stats

17
Posts
2
Votes
Christian Benitez
  • Interior Decorator
  • Orlando, FL
2
Votes |
17
Posts

would 5,000$ be a good downpayment?

Christian Benitez
  • Interior Decorator
  • Orlando, FL
Posted

Currently I am looking to invest in a duplex (+) in the Orlando area. I have been reading and learning a lot this past month about REI and listening to the podcasts. My question is how much should I raise for a down payment on a multi family in central florida? I am thinking raise $5,000 (which would take me about March) then try and get an approval for a loan at a bank then finally start my search. I would be a first time home buyer planning to move into the property and possibly "househack"

By the way what i currently do for a living is home designs such as kitchen backsplash, bathrooms, and tile and work also sometimes for investors., Contact me if you are an investor/wholesaler/and possibly also a money lender to talk and make things happen.

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