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Updated almost 5 years ago on . Most recent reply

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7
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How & Where can I get the funds to put 20% down

Dorothy Williams
Posted

Hi Everyone,

I am new, 23 years old and want to get into REI. I am researching and trying to figure out my niche. I'm being drawn to multifamily and apartments, buy and rent out. I want to get started but don't have any money saved up or enough to put down 20%.

I know theres many ways to get it, I just want some feedback from the community on it.

Thank you,

Most Popular Reply

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172
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122
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Ramon Flores
  • Rental Property Investor
  • Los Angeles, CA
122
Votes |
172
Posts
Ramon Flores
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Dorothy Williams Have you thought about getting a fourplex or a duplex using an FHA loan? They require 3.5% down and tyou can get a multifamily for you to live in. This will be a great way to start. Best of luck!

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