Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Creative Real Estate Financing
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 8 years ago,

User Stats

14
Posts
3
Votes
Jacob Benninger
  • Altamont, NY
3
Votes |
14
Posts

Value add in house hack situation

Jacob Benninger
  • Altamont, NY
Posted

Hello everyone,

My question is related to a house hack situation. I am a recent college grad with the ability to qualify for my first mortgage and move into an apartment building. 

I don't have a lot of money out of pocket for remodeling a property, but can afford the downpayment and closing costs. Does this limit the kind of distressed property I can buy? How could someone in my situation find a property that needs some work and then fix it up? Is earning money from your job and then fixing it slowly a way to go? 

There are a lot of articles about using the BRRR strategy and finding hard money for the remodeling, but what if that is to advanced for someone starting out? How would a first time investor looking to buy a fixer upper multifamily, to live in, make it work?

Loading replies...