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Updated 7 months ago on . Most recent reply

User Stats

12
Posts
19
Votes
William Johnny
  • New to Real Estate
  • Delaware County, PA
19
Votes |
12
Posts

What’s a good amount to have saved up for first multifamily property?

William Johnny
  • New to Real Estate
  • Delaware County, PA
Posted

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?

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