All Forum Posts by: Mike Padro

Hello @Elise Marquette I appreciate your advice and wanted to thank you for reaching out. My credit score is ready for the property. 

Just a little insight, I live in MA and if you know anything about MA our properties are quite expensive. From all the research I've come across I see that 20 percent is the general go too as far as a down payment. Most triple decker properties are anywhere between 350 - 450K and 20 percent of that is quite the feat. Do you have any advice on where I should start as far as scaling down to work my way up to 20 percent on a property like that. More units means more Income is my train of thought so would you recommend only putting down the 3.5 for the FHA Loan or get a smaller property to work my way up. Any advice would be greatly appreciated.

Or even looking at cheaper properties elsewhere. That kinda makes me nervous for my first property but do not know much about that either

Best Wishes 

Best Wishes

Wow Brian, thank you very much for the advice. I will definitely look into that more through out my process.

Hello everyone I am super new with real estate and very excited to be a part of a community of like minded individuals. I do live in taxachusetts and looking to jump into real estate. I’d say I’d be ready to buy within six months and just trying to get a head of the ball and educate myself with as many “If I would get my first property again what would I do different.” Stories as possible! Thanks everyone