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Updated over 6 years ago on . Most recent reply
![Evan Coburn's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1174007/1694690115-avatar-evanc63.jpg?twic=v1/output=image/cover=128x128&v=2)
starting with a Single family or Mulit family? advice
i want to end up in multi family homes in the long run, but i have no money down, no money for vacancy,repairs,rehab, etc.. my idea was to start with a single family home(easier) with good equity, live in it. but fix it up a little & house hack to pay my mortgage. then a year or two down the road pull out the equity or even sell and purchase a multi family home that way ill have more money to back me up. how does that sound as a first investment?
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![Greg Miller's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/742458/1621496509-avatar-gregm106.jpg?twic=v1/output=image/cover=128x128&v=2)
Sounds like a great plan! House hacking is a wonderful first step to build sweat equity. Remember, you can get a FHA loan with only a 3.5% down payment. You just have to live in the place for 12 months.