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Updated over 4 years ago on . Most recent reply
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First Investment Property
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
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- Real Estate Broker
- Cody, WY
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If your future is uncertain, I would continue saving up and then invest once I knew where I was going to land.
- Nathan Gesner
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