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Updated over 3 years ago,

User Stats

27
Posts
17
Votes
Cindy Gonzalez
  • Real Estate Agent
  • Fort Lauderdale, FL
17
Votes |
27
Posts

Down Payment for House Hacking

Cindy Gonzalez
  • Real Estate Agent
  • Fort Lauderdale, FL
Posted

Newbie question - I want to get in the market as soon as possible (obviously) and trying to figure when I'd be ready to invest in my first property. I am currently saving for my first multi-family rental property and planning to house hack using an FHA loan. Is it recommended to put down more than the 3.5% to increase cash flow or use the rest of the money for fees, closing costs, renovations, etc?

New to bigger pockets and investing - any feedback would help and be much appreciated!

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