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Updated about 8 years ago on . Most recent reply

User Stats

24
Posts
7
Votes
Sean Bell
  • Fresno , CA
7
Votes |
24
Posts

No money or job, multifamily deal still possible?

Sean Bell
  • Fresno , CA
Posted

I just moved to a new city {staying with family} about a month ago because my old city had a truly awful economy. I still haven't picked up a job yet but I have made the decision to invest in real estate. 

My plan is to house hack a multifamily of some sort and have the income from that provide at least a place to live for my family {we currently live in a living room}. 

Am I crazy for thinking that this is possible? Is it even possible at all? I was considering a flip of some kind but the place to live would benefit my family considerably more right now. 

I can't get an FHA right now (I tried already). Does anyone have any ideas? I know there has to be a way to accomplish this feat. I would really appreciate any insight or advice.

Most Popular Reply

User Stats

144
Posts
58
Votes
John Whittle
  • Vendor
  • Cincinnati, OH
58
Votes |
144
Posts
John Whittle
  • Vendor
  • Cincinnati, OH
Replied

I would spend the time getting a job before I wasted time trying to buy a property without one. 

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