LOOKING TO OWNER OCCUPY WITH LITTLE 2 NO MONEY DOWN

[Luke Zagrodny]

Hey Guys, so being new to real estate and just becoming a realtor im realizing that investing in real estate is the thing im interested in most.

im in the process of rebuilding my credit and im curious if you guys have any insights on where i should be looking for help to get into a property as soon as possible!  im really looking for a multifamily property and i see some in markets im interested in!  THIS IS SOUTHERN NH AND SEACOAST NH!

i've started to analyze deals i pull up on the MLS thanks to information ive gotten from bigger pockets directly!!

i had a hard money lender reach out to me today and plan on returning his call tomorrow.   i just really don't know what i should be looking for and could use some help since this is all foreign to me.  

PLEASE ADVISE! you guys rock!

-Luke

[Sasha Fukuda]

You want to owner occupy a multi family property, and do so with no money down and by borrowing from a hard money lender, and you want to do it in a hurry?!? That sounds like a recipe for a disaster. If you're doing this for the first time, why don't you try something easier? My first property was a multi family that already had good tenants, was in a good area, and looked like it was in fairly good condition. I put 20% down and had plenty of savings. If you're a first time homeowner, you could get a rural development or FHA loan where you put almost nothing down, but even if you could do that i would still recommend having reserves. You never know when you'll have an emergency $1,000 + expense. It's hard to tell how much you know, but make sure you've read Brandon Turner's books- the book on rental property investing and the book on managing tenants. Rental property investing is the combination of several areas of knowledge. There's the property manager stuff (buying in an area that can get good tenants, knowing how to vet them, etc), the contractors stuff (being able to assess the condition of things), and the realtor stuff (knowing when something's a good price). My opinion is to make the first one easy on yourself.