Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

6
Posts
2
Votes
Tony Nuttall
2
Votes |
6
Posts

Most Popular Reply

User Stats

344
Posts
388
Votes
Josh Young
  • Rental Property Investor / REALTOR® / Property Manager
  • Gilbert, AZ
388
Votes |
344
Posts
Josh Young
  • Rental Property Investor / REALTOR® / Property Manager
  • Gilbert, AZ
Replied
Quote from @Account Closed:
Quote from @Tony Nuttall:
Quote from @Josh Young:

@Tony Nuttall you could use as little as possible, like 3-5% down to buy a primary residence and turn your current home into a rental, then do the same thing next year and again the year after that, this will get you three rentals. Or you can go buy one investment property at 20-25% down and have one rental.

The second option for me would be the most feasible. I have 2 young kids that are in elementary school. I don’t really want to be packing and moving every year or so for their sake. Thanks for the response 
Look for a 2-4 unit multifamily that you can cashflow with. Ideally something livable, but you can add value to through cosmetic rehabs.

I agree that small multi family could be great too, just be careful not to overextend yourself with only $100k if you need to rehab, stabilize and have reserves.

  • Josh Young
  • [email protected]
  • 802-274-8121
  • Loading replies...