All Forum Posts by: Anthony Marucci

@Jason D. So with that range how much cash flow do you am for then?

What was the average price of the first deal or first couple deals that you did? Did you try to keep it low (under 100k-150k)? Just trying to see what others did when they were first starting, i'm aware it is different for everyone though.

Theoretically speaking...If I were to purchase a two-unit property with an FHA loan and only rented out 1 of the units for the first year but didn't live in the second because I was able to live with my parents would there be a legal problem with that? Do I actually need to be present in one of the units for the full year to get the loan with no problems?

Thanks for all the responses everyone!

@Derrick E. Thanks for the response! Haven’t seen many people who talk about the cheapest properties so it’s cool to hear that’s what you’ve worked with.

@Thomas S. I’m aware I need more knowledge, that’s why I’m here, to learn. I wouldn’t jump right into anything I’m just looking at different options and trying to figure out what would work and what wouldn’t. I’m taking any information I can get. I’ll still be learning for a good year or two most likely and then whatever else I can learn after that. Thanks for the response

@Jason DiClemente house hacking was my original plan but if I do that I will most likely wait 3-4 years. I was looking into being able to buy something to rent out before house hacking but I’m still trying to figure it all out..I’ve only been learning for 2 months at this point. I may be able to save closer to $15k by the summer but did want to save some just in case things went bad. I’ll definitely look more into all of the loan options and prices etc... thanks for your response!

@Dan Barli I haven’t spoken with anyone yet..I’m still very new and just trying to learn anything and everything I can and figuring out what to do. Thanks for the response! I’ll look into it.

I’ve been learning as much as I can about investing and my plan at first was to save up money for 2-3 years but now I’m wondering if it’d be possible to invest in a rental property with only $10,000 saved up. If it is possible, what kind of property do you think I’d be able to get? (Price wise). I’m still going to be learning as much as I can but by next summer I want to start getting into the investing. Thanks!

@Ronald Bowser thank you for your response! I will definitely try to stay active in the community over the next year. I also plan to attend some of those meetings at some point.