Multifamily not enough cash down first time home buyer

[Jonathan Perry]

Hello,

My name is Jonathan and I'm from Massachusetts this is my first post on BP. I have been on the hunt for a 3-4 unit house in Marlborough, MA. I have found a few and put in offers but keep getting out bid as I am a first time home buyer trying to put 3.5 - 5% down. It's a little frustrating but I am grinding it out and I wont give up. My goal is to have a lot of multi families all over, to reach financial freedom. But it starts with the first one. If there is anyone that has some good advice for me or can connect me with someone in the Massachusetts area already doing well for themselves I would greatly appreciate it.

Thanks,

Jonathan

[Taylor L.]

Keep going. If you're still open to having roommates, perhaps consider a single family renting out rooms.

It's much worse to overpay for a deal just for the sake of winning than it is to lose offers at a price you can handle. The first rule: don't lose money!