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Updated about 6 years ago on . Most recent reply
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Newbie willing to listen to anyone and everyone
Hi my name is Trevor. I am 21 and looking to get started in investing. I'm from green bay Wisconsin, and i work a boring mill job but have only a car payment for debt and want to create a path of success for me and my future family. I am planning on getting into small multifamily or single family homes. I would love to talk to people to learn as much as i can. I currently am renting and saving up for my first duplex or triplex to house hack. since i feel that is the most logical way to take my first step towards financial freedom. If someone could point me to any books or BP podcasts I should watch and listen to I would appreciate it. Have a wonderful day
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There is a Green Bay REIA.
Have you checked with your local banks and credit unions yet to see what they are saying you will need to buy your first multifamily? When I got in to real estate, the thing that surprised me was how little you may need for a down payment if you take advantage of the many first time home buyer programs available. I bought the house I live in with a 30 yr conventional (not a first time home buy) and it needed some work (bought at 42k and it as is appraised at 81k) and we only brought $1778 to closing. There was a credit union here that offered a program where you could use the equity as a downpayment so if you found the right deal you had the ability to close with no dp, only paying closing costs which were $1k.