All Forum Posts by: Justin B.

thanks to all who replied. As far as worst case scenario no tenant completely vacant Etc. I would still be able to afford mortgage etc. That is why I'm am considering this price range. I am still learning as much as I can and saving for a good 8 months before I would make any purchases. I never like to rush into things plus I would like to get my fiancé on the same page with me. Although i t will be me taking the financial risk. I would also like to find out utility costs repairs Etc so I don't have any suprises. As far as my time I am a truck driver and work 10 hrs a day second shift so free time is scarce but I'm willing to invest my time as well as money into this. Again I appreciate your time and helping a newbie.

Hi, my name is Justin, I am debating on what a better investment would be. (in general) Buying a Multi unit property 3-5 Units (50-100k$) and living in one of them, This way I can use a fha loan with 3.5 % down as a first time homebuyer. Or I could buy a single family home or duplex for (20-40k$) and put a full 20% down payment. With these price ranges I would be able to cover the mortgage comfortably with my full time job. These examples are in the inner city. I appreciate any knowledge shared. Thank you

Hi, my name is Justin, I am debating on what a better investment would be. (in general) Buying a Multi unit property 3-5 Units (50-100k$) and living in one of them, This way I can use a fha loan with 3.5 % down as a first time homebuyer. Or I could buy a single family home or duplex for (20-40k$) and put a full 20% down payment. With these price ranges I would be able to cover the mortgage comfortably with my full time job. These examples are in the inner city. I appreciate any knowledge shared. Thank you