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Updated about 4 years ago,

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3
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1
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BRRRR into house hack with low to no money down?

Posted

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?

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