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Updated about 1 year ago,

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First Time Home Buying Expenses

Posted

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!

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