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Updated about 1 year ago,
First Time Home Buying Expenses
Hello everyone,
My wife and I, will be moving to the Orlando area in roughly a year. We want to start our journey in real estate investing once we move. Right now, our focus is cash reserves for two potential options.
1. Single family residence- get the roof over head and then move forward.
2. Multi-Family residence- live in one and rent the other.
For those familiar with the area, what are some expenses we don’t want to overlook regarding these two options?
Down- 20-25%
Closing- 5-10%
Maintenance/Repairs- 10%
Thank you for the advice!