All Forum Posts by: Account Closed

Thank you for your response. That is a great point. I wasnt even thinking about how I could trade up into bigger units that is a great idea. It seems hard right now to cash flow because of rates but even like you said I could always buy and get my foot in the door and always trade up if my first property appreciates well.

Thank you for your feedback! I think that will be the best idea. Brrr does seem like alot to tackle for the first time. Have a good point I would save even more by house hacking. Thank you again.

Just looking for some opinions on what to do. Currently rent right now looking for my first property(multifamily). Currently have 20k liquid, about 22k in investments I can liquidate. Cars paid off. Zero debt. Score is about 770. Was thinking of an fha or even conventional to get into a multifamily and house hack. I'd like to get more multi family properties eventually after the first and not have to save up a down payment each time. I know it doesnt happen overnight but wondering if i should just keep saving and buy something cheaper and try to rehab it and do the brrr strategy and use the equity to scale faster? I do have a good job and can save up for down payments just seems like it would a very very long time to reach my goals having to start over and keep saving a downpayment of 20 percent. I guess what im asking is, is it better to use all my savings for one property or maybe save some more and try to go the brrr route instead and get more out of that money instead of using it all as a downpayment for one property and starting over? Thanks in advance any feedback in appreciated!