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Updated about 4 years ago,
New Investor with Very Little Capital
I have always wanted to get into REI. I was recently engaged and unfortunately that fell through. That being said, it has left me very cash poor and forced to moved back in with my parents. I own a townhome that is currently cash flowing $200/mth till Oct 2021. My goals for 2021 are to add one property to generate cash flow and also move into my own place by end of Q2 2021. I wanted to house hack a duplex/triplex but, being so cash poor from the break up, I do not have the 15-25% down that my lenders are telling me will be needed for a mutli.
So, does anyone have any advice for someone like me who is new to this and not connected to any private investors yet that trust me enough to work with?
How do I:
1. Add a cash flow rental?
2. Get back into my own place without completely strapping myself and limiting what I can do in the next 2-3 years?
Any advice, tips, networking would be greatly appreciated.