All Forum Posts by: Josh Brosius

I've been researching and looking for multifamily investing for the past year now. I'm 21 and out of college with a full time job and saving for a down payment with help of a grant from my bank. In ten months the bank will math up to 7,500 dollars that I save which I plan to use for a down payment with FHA loan. I was wondering since I'm still new and always open to advice or new ways to invest, what books are best for multifamily investing. I've contemplated single family home renting and duplex/triplex while living in the other half (house hacking). I love this career I can do on the side. I enjoy the idea remodeling and improving homes I have bought. I just need more push in the right direction. Defiantly driven for this business. Thanks for any recommended books and/or advice!!!

I'm 21 and I'm close to having the savings for my real estate era to begin. I was wondering if I should go with the cheaper house hack and live in a single family unit fix it up then rent it out and buy another and so on and so on. Or should I buy a Mulitifamily live in the other half and have half my mortgage payed off per month. The houses in western New York that are single family are a lot easier to find and cheaper than the multifamily units. Many multifamily units are beat up and is put more money into those than the single family's. Thank you for the help and advice Bigger Pocket Community.

I've been researching multifamily and I'm excited to get into the business. Only thing is I'm 21 and have just started my full time job a year ago. I've talked around and have decided there are two choices that would benefit me. 1.) Use a FHA loan with 3.5% down and use the rest of the money I have saved for improvements and a safety fund. This way I can start my multifamily investments as soon as possible. 2.) wait for my 2nd year of my job which will qualify me for First Home Buyers Club which is something my bank showed me. They match what you have in your savings account over a ten month period up to $7,500. So if I put 7,500 away, I would have 15,000 all together. This option gives me a good down payment but puts of my excitement for investing almost two years. I'm eager to start and I'm curious what's the best way for me to go about it. I have enough for the down payment now for FHA but wonder what's the best method Thank you for the help Bigger Pockets Community

I want to buy a duplex for my first house/investment career and rent out the other half til I buy another. I was originally planning on buying one with a 20% down payment and conventional loan but after listening to the Bigger Pockets YouTube video on conventional loan or FHA, I'm beginning to question which path to take. Brandon said if it was his choice he'd use FHA with 3% down and save enough to do conventional loan on another deal at the same time. That way he now has two deals with spending only 3% more and has two instead of one. I do have enough money for 20% but I could save more for the extra 3% added. I was just wondering what the forum would think with this method for starting off my investing career or even further down the road if I'm in this situation again. Thank you very much for helping. This website has helped me tremendously!

Thank you very much for the advice. I will gladly look into what you have suggested!

Hello My name is Josh. I learned about bigger pockets from YouTube and really enjoy the information packed podcast. I'm 21 and just out of college with a full time job. I would enjoy diving into Mulitfamily Investing. My goal is to have 10 units by 25 and then use the 10x rule to further my success. Some of my questions involve what length of mortgage is best for me and my goal, how does refinancing work, and much more! I'm excited and thankful to be apart of the Bigger Pocket experience.