BRRRR into house hack with low to no money down?

[Tyler Daniel Cypret]

Hello I am new to investing and am looking to obtain my first rental and start my portfolio very soon. I am moving to a new state (FLORIDA) and am tired of renting and paying other peoples mortgages. I had an idea to BRRRR a property and house hack it with my wife to get some cash flow coming in, but most importantly start building equity and experience. The problem is I have 5k in my savings so I am wondering if this is worth perusing, or if I should just rent until I can save more money up to put a down payment on my first house. Any suggestions?

[Nathan Gesner]

Yes, it's worth pursuing. There are programs available that will reduce the amount needed for a purchase. In my state there are grants that will cover up to 4% of the downpayment. Go talk to a lender (preferably 3-4) to see what you can qualify for and what it would take to purchase a home. Once you have the answer, you'll know what your goal is and can work towards it.