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Updated almost 6 years ago,

Account Closed
  • Banker
  • Lowell, MA
7
Votes |
18
Posts

First time investor buying during the recession

Account Closed
  • Banker
  • Lowell, MA
Posted

Hello guys,

I hoping to get some of your opinions on buying durn the recession since I due planning on buying my first small multi family unit using the house hacking method in early 2020 and well durn the 2008 recession I was only 8 years old. 

Option A) 
Wait for the recession to pass and allow myself to save up more money to put a bigger down payment on next property and further education and read books such as "Recession-proof Real Estate Investing" by J. Scott

Option B)

Put only 3.5% down using a FHA loan. ( Credit Score would qualify)


Option C) 
Put down a 15-20% down payment on the property.

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