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Minimal small multifamily homes
Hi everyone,
I have never purchased a small multifamily home ( to be honest ever purchased a house either) im 25 and want to get into real estate to be financially free. i Decided i want to use my first real estate purchase on small Multifamily homes and house hack in them. The problem is there is not a lot of inventory ( small multifamily homes) in my area. im looking for advice on what measures i should take to take the leap if i don't have anything t work with.
Thanks
Most Popular Reply
Start by meeting with a lender. Getting preapproved will have you ready to go when you do find that property! Also, maybe contact an agent. This will help you a lot as you're a first time investor, and they also will have access to the MLS. If inventory is flying off the market, an agent with MLS access will see deals the day they go live. It's all about patience and preparation- be ready to go when you do find that property.