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Updated over 7 years ago,

User Stats

4
Posts
1
Votes
Chris McGowan
  • Orefield, PA
1
Votes |
4
Posts

Beginner Not Knowing where to Begin.

Chris McGowan
  • Orefield, PA
Posted

Hello All. My name is Chris. I am learning as much as I can over the past few weeks with real estate. I've been doing as much homework as possible. I came across this site and learned a lot from reading. My problem is that I do not have much of a down payment. I work 2  jobs to make ends meet. The 2nd job is a at home job that I started myself making vinyl decals after work. The money has been good to the point where everything is paid and have a little left over (but not much). I am not really into too much debt other than a car, paying bills like everyone else. I support 2 other people in my family other than myself. Saving has become very hard lately. I am interested in a rental property on the market. It's a multi-family building with 2 units. One unit is already occupied the other isn't. From what I read, any multi-family property, most banks want 20% down.  IF I really wanted to get some $$, I can talk to my father-in-law but I'd rather do this on my own and keep family out of this. What I'd like to know is, for those who are starting in the real estate and do not have much to put down, what did you do? How did you begin your journey? What did you do to succeed with your first deal? I see a lot of videos with Brandon on YouTube. He explains everything very well. He always uses examples of putting $30-40k down. I'd be interested to hear what others have to say. Thanks for reading.

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