Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

100
Posts
93
Votes
Misael Carlos Vera
  • Rental Property Investor
  • New York, NY
93
Votes |
100
Posts

First Investment Property

Misael Carlos Vera
  • Rental Property Investor
  • New York, NY
Posted

I'm a real estate investor looking for my first buy and hold property. I just graduated college and am working my full time job. I am aggressively saving to meet the 20-25% down + closing fees + rehab. All in all, I'm saving for at least 30k. But I'm seeing that it will take me over a year to reach that goal.

Is there any way I can expedite this saving process or even get my first property without much cash in? I know about subject 2 and seller financing but are there more ways?

Thank you everyone for the community support!

P.s. house hacking isn't an option bc I live in New York and a 3.5% down payment + closing costs is around 40k in New York. Furthermore, my job may relocate me within the year.

Most Popular Reply

User Stats

28,065
Posts
41,074
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,074
Votes |
28,065
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

If your future is uncertain, I would continue saving up and then invest once I knew where I was going to land.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
165 Reviews

Loading replies...