House Hacking in Seattle

[Tyler Smith]

My girlfriend and I have been wanting to get into real estate investing for some time. Without boring you guys too much, we have a dilemma. We are looking into 2-4 unit multi family properties which we would live in for a couple years.

I’ve been hearing so much about people getting started with zero money. Right now we have roughly $6,000 in debt and together make around $100k a year. Do we take a year or two to pay off some of our debt and save up some money for a larger down payment out of pocket, or try and borrow money for a 3.5% down payment? We’re both a little worried about if it’s a good idea to borrow the entirety of the $20-30k down payment...is that too risky?