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Updated over 8 years ago on . Most recent reply

User Stats

116
Posts
61
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Raeshelle C.
  • anywhere, MA
61
Votes |
116
Posts

Feeling hopeless. I need help

Raeshelle C.
  • anywhere, MA
Posted

I want to buy a duplex and live in one of the units. My ultimate goal is to have a portfolio of real estate and be wealthy, but I want to start with a duplex I can live in. If I had $20-$35K I could start this path of financial freedom, but saving that much would take years and years. I want to start now while I'm 26. I took a home buyer 101 class that gave me a certificate that acts as the down payment for a house in Boston, but houses up there are too expensive. I wanted to take another class to get the certificate, but to take a multifamily home buying class and in the south coast where I live, but there are none available. I've thought about crowdfunding and looking for investors but i dont know...I feel like I know where I want to go but I cant because I dont have the money to get started. What can I do to get down payment and closing costs money so I can buy my first duplex while young?

Most Popular Reply

User Stats

112
Posts
63
Votes
Andrew Beaver
  • Malden, MA
63
Votes |
112
Posts
Andrew Beaver
  • Malden, MA
Replied

Also considering taking a step back over the next year/2 and really start saving for investing. Whether that means moving in with parents, getting a roommate to lower living expenses and cut back on eating out/going out. patience is a virtue and we all want to be wealthy and financially free but sometimes we gotta just go through the struggle and stack up so we can get in the game like some of those who didn't have to struggle

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