How to start with little money down.

[Brianna Williams]

I seem to be having the worst of luck saving enough for a down payment

[John Thedford]

Do you want to buy a rental or purchase as your primary residence. There is cheap money about 4% or less for first time home buyers with a small down payment. If you want rentals, OPM is the key.

[Brianna Williams]

Thanks John. I actually would like to house hack in either a duplex or triplex. Do all banks or lenders require a down payment or should I start seeking a partner for my first deal?

[John Thedford]

Originally posted by @Brianna Williams:

Thanks John. I actually would like to house hack in either a duplex or triplex. Do all banks or lenders require a down payment or should I start seeking a partner for my first deal?

Look at the FHA loans as a possibility. As long as you live there the required time, there is nothing stopping you from renting out rooms, etc.

[Jonathan Taylor]

Try looking into naca.com. It’s a loan program for low to middle income earners and are flexible with down payments along with low interest rates. It’s a process to get qualified but if you can, it’s worth it and can get you into a multi family.