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Updated almost 4 years ago,
Buying a Multifamily
I would just like to know if this is a good plan for me. I am a 19 year old electrician making roughly 25k/year with 8k in savings. I currently live in Virginia Beach and I am becoming very interested and invested into real estate. I live at my aunts house right now only paying 50 dollars a month :). So I'm thinking, around a year or so of saving money, if it would be a good idea for me to get an FHA loan and with that money buy a duplex. I would either get one that I can BRRRR or just get a turn key property and house hack (Live in one unit, rent the other). Any feedback would be greatly appreciated!