House Hacking
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 6 months ago,
What’s a good amount to have saved up for first multifamily property?
I plan to house hack my first investment property. I'm looking for a duplex or triplex in Delaware County, PA for around 200k-300k. I wanted to start off with working on a property with only minor repairs and cosmetics. I was going to use an FHA loan to put 3.5% down and live in it as an owner-occupant. What's a good estimate you think I should have for the down payment, closing costs, repairs, holding costs, and reserves?