Saving for Downpayment

[Lawrence Mangalindan]

Hi guys newbie here, I'm considering doing a multi family. My goal is to raise $2 million (down payment) in next five years through my commission based businesses and lease option fix and flip on SFH or build equity on properties. I am still educating myself about it but please give me feedback about this strategy and feel free to suggest how else I can fundraiser for down payment. Thanks!

[Paul Timmins]

@Lawrence Mangalindan

Welcome. You might want to connect with @Brian Gibbons on LO

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul