How much money did you start off with?

[Juan Alvarez]

How much money did you have before financing your first property? My Goal for this year was to acquire a multi family home to start house hacking. One thing let to another so I’m having to postpone that goal for another 3-6 months due to lack of funds. I started trading stocks and I’ve made decent money doing so. Was able to pay off my debit card completely off, so now I have more cash flow to put in my savings. I’m a little nervous on the amount of money that I will need. I currently do qualify for a conventional loan (home possible) but I know it’s kinda like a car Loan, almost anyone can qualify but paying for it is the problem. I have enough for a 3.5-5% down payment but my concerns come with repair/rehab cost.

If you guys don’t mind me asking at what point did you feel comfortable enough financially to pull the trigger ? Thank you.