Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
General Landlording & Rental Properties
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 12 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Adam J.
  • Massachusetts
0
Votes |
2
Posts

Newbie looking for some advice on where to start

Adam J.
  • Massachusetts
Posted

Hello everyone, im currently 21 years old and looking to own my first multifamily building by age 25.
i need some advice on how/where to start, i have 25,000 for a downpayment, but i cant decide if that could be used more wisely for repairs/ maintance.

i can use my VA loan and buy up to a 4 unit multifamily with no downpayment as long as 1 tenant is a veteran (myself)

which would be more benificial to maximize cash flow?? the VA loan with no downpayment, or a standard mortgage with the down payment?

i know the area im looking to invest in, its a small city, much of it being renovated and expanded, and it has a university which is also expanding. prices are decent and 2 bedroom units average $950 month.

my father works closely with section 8 and i would like to have my units rented to them, as its guarenteed rent every month.

let me know what you think of my plan i am looking for buildings in the 120-170k range, i want maximum cash flow, and have decided real estate is how i will invest my time and money

Loading replies...