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Updated over 3 years ago on . Most recent reply

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Multi-Unit Rental Property Investing

Posted

Hello All, 

I am very excited to be a new Bigger Pockets member! I aspire to become a real estate mogul one day and I feel like I am being stopped before I can even get started. I purchased a single family home a little over a year ago through the First Time Homebuyers Program. My original goal was to house hack in my area but after endless searching I could not find a duplex in my area so the decision was to buy a single family home, live in for a year, and then rent it out. Now I am in a position where I want my current property to be my permanent residence and still acquire investment property. The issue is that I keep hearing that I have to have 25% down in order to do so and I have nowhere near that type of money! Are there any little to no money down options for someone my particular situation or any other suggestions out there that will allow me to embark on my investing journey again? 

Thanks in advance! :)

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