All Forum Posts by: Dorothy Williams

Thank you Everbody for your input and advice! I'm going to do some research into house hacking a multifamily now and look up the criterias for the FHA program in Georgia.

I'm working to increase my income now lol.

Any other comments is helpful to me, thank you guys!

Hi Everyone,

I am new, 23 years old and want to get into REI. I am researching and trying to figure out my niche. I'm being drawn to multifamily and apartments, buy and rent out. I want to get started but don't have any money saved up or enough to put down 20%.

I know theres many ways to get it, I just want some feedback from the community on it.

Thank you,

@Ann Bellamy thank you for sharing this.

@James Wise thank you for sharing this.

@Edward Stephens thank you so much for sharing. Will read through more of the comments for your experiences and insight

Should I buy my 1st duplex under my LLC? Or what is the most effective way of purchasing a duplex/multifamily home that I am truly buying to make money as a business, not like under me personally? If that makes sense.

Hello,

I'm 23, started doing research, educating myself through BP and want to buy my first duplex. Theres alot in my area, most already preoccupied. I want to know my pre-approval status, but I feel that I may get denied because of the recent late payments I have on my credit report. 30 and 60 day late payments on my car loans and credit cards. I'm caught up now, but just need advice on should I still look and try to get pre approved, or what is the score lenders are wanting?

I also need to clarify if I qualify for the 1st time home buyer loan to be able to buy my 1st duplex.

Need advice and thank you!