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Updated over 6 years ago on . Most recent reply
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Can somebody walk me through finding my first deal?
Hello again Bigger Pockets community, Is there anybody out there willing to walk me through finding my first deal. A bit about me: I Live in Buffalo, New York and want to invest here (or nearby). In three months time, I will have around $10,000 I can invest into a property (more if I stumble upon a creative financing possibility) but at the very least 10K. I currently believe house hacking is my safest, easiest way into real estate. Any suggestions as to where to look, what to look for, which strategies to employ, etc, is greatly appreciated!
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@Ned Carey Hey Ned haha yeah I've been reading like a mad man. I guess I want to house hack a duplex, somewhere in the 100-200 k range, a range where I know that if I fail at everything I can still afford the mortgage payment. But, I don't think I'll fail at EVERYTHING, so I'm hoping that at the very least I can find a property that with other unit's rent will at least cover some (preferably most) of my mortgage payment. If I cash flow, great! But with only 3.5 percent down, I don't expect to cash flow. If I wind up Paying 500 a month for the mortgage, I will be spending less than I am for my current rent and I will have got into my first deal. Does any of this make sense? haha