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Updated over 1 year ago on . Most recent reply

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Josh Terrell
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New young investor!

Josh Terrell
Posted

Hi I’m Josh👋 I’m 21 and for the last 2 years I’ve been working and saving money I’ve 45k and I wanna get into multi family units but I can’t seem to find any in my area how do you guys find deals?

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Zachary Ware
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Zachary Ware
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Hey @Josh Terrell, congrats on the getting your savings up.

First, I would make sure to define exactly what you are looking for. Find what type of property you are looking for, talk with a lender and find your price range, and what your strategy will be. Are you looking for something turnkey or are you looking for a value add property. I am a big fan of house hacking a 2-4 unit property for your first property. You can use an FHA loan of and utilize the ability to put a low down payment on the property. As others, I recommend find a few great team members including a source of deals(realtor/wholesaler/other investors). There are some great recommendations in the "Build Your Team Tab" for investor friendly RE agents. I would also leverage website such as Zillow, Redfin, etc. You are unlikely to find the best "deal" on these but you can still find deals that pencil. Lastly, and my favorite is building your network with local meetups. I think your network as an investor can be one of your biggest assets. I have also attended some online events but I feel that in person meetings are significantly better for building relationships.


I see I am a little late to this thread, have you found a property yet? 

  • Zachary Ware
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