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Updated about 2 years ago on . Most recent reply

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Current Market Investing Tips !

Leonardo Larraga
Posted

Hi ! 
I am new to the real estate investment space and would like some tips if possible ! My goal is to buy a fourplex and house hack . Do you find it viable in this market of very high prices ? Side note … I’ve been analyzing some deals but the barrier to entry seems really high even with house hacking . MFUs are selling from 350k to 550k which I’m afraid I won’t qualify for by myself (even though I have an excellent credit score) . I would love some feedback , let me know if I’m misunderstanding something or if I have the right mindset !! Thank you In advance !! 

Most Popular Reply

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257
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161
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Nathan A.
  • New to Real Estate
  • Sunnyvale CA and Maplewood, NJ
161
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257
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Nathan A.
  • New to Real Estate
  • Sunnyvale CA and Maplewood, NJ
Replied

If you've talked to a lender and confirmed you don't have enough income to buy a multi-family in your market, I would think about buying a single-family and renting out rooms, or finding ways to increase your income.

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