Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
First time investor buying during the recession
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.