How to buy my first deal

[Tessa Burks]

Hello everyone, 

I need some advice on whether this is possible or not. I came across a 4-plex that needs some rehabbing. My fiancé and I have about 20k in equity in our home. This 4 plex is listed for 128k and it is in a good area. Im not exactly sure how to guesstimate the repairs by looking At in online but it doesn’t seem like it would be too bad. Would using a conventional loan to finance the property and then rehabbing it with out homes equity be a smart move? We’ve even considered house hacking ***but we have two kids and I’m not sure about the size of these individual  apartments*** Any advice on what would be the the smartest thing to do on getting started with a rental AND if we went the house hacking way would be greatly appreciated!!