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[Christian De Jesus]

Hello all,

I joined BP about a month ago and have done nothing but study REI since then. The very first advice I received in my introductory post was to purchase a multi-unit home and rent out the other units. With this in mind I talked to a real estate agent who referred me to a loan officer. After conducting all the checks she told me I am eligible for a $250k mortgage loan, which sounded great to me. The problem is that I live in DC, the most expensive city in the US and the real estate agent told me that it will be highly improbable that I will be able to find a multi-unit house for that price anywhere in the area.

With that said, do you know if there are other ways of going about purchasing a multi-unit home? Do you think I should put this idea on hold and try something else? If so, any advice? I've been thinking about wholesaling and it sounds interesting. I'm persistent, hard working, and have a thick skin. Plus I love helping people which is something I may be able to do through wholesaling. But any other ideas?

Thanks!!