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Updated almost 4 years ago on . Most recent reply

Derek Meyer's profile image
Derek Meyer's profile image
Derek Meyer
  • Rental Property Investor
  • from Largo, FL
  • Member since Mar 1, 2021
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Derek Meyer's profile image
Derek Meyer's profile image
Derek Meyer
  • Rental Property Investor
  • from Largo, FL
  • Member since Mar 1, 2021
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Derek Meyer
  • Rental Property Investor
  • Largo, FL
38
Votes |
48
Posts
Real Estate News & Current Events

50 words or less - Getting First Downpayment

Derek Meyer
  • Rental Property Investor
  • Largo, FL
Posted

A friend of mine is saving up for his first downpayment. At his current rate it’s going to take about 3 years of saving in order to come up with his first downpayment. I’m curious how others came up with theirs.

My first downpayment was a gift from a family member to house-hack a 4plex on an FHA loan (3.5% down).

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Lien Vuong's profile image
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Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong's profile image
Lien Vuong's profile image
Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,655
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

Increase income, reduce expenses, and start hoarding money. $1 at a time!

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