All Forum Posts by: Ri-Anne Clough

Hello BP,

Pretty much my entire adult life I've planned to buy a multi family as my first property to owner occupy and offset the cost of a mortgage and not be house poor. Until recently I was nervous about making that leap and was unsure I was ready and knew I'd have to research first. I work full time as an Ironworker and the retirement benefits and such are great but I'd still like to supplement my income and somewhat be able to make my own schedule and I believe REI could do that for me. I've reached out to a real estate agent in my area who specializes in income properties and really dived into researching as much as I can and that's when I discovered BiggerPockets.

Ideally I’d like to purchase a 2 or 3 family in Rockingham County, NH to owner occupy. I have money saved, but I think I’d like to use money from annuity to put down and leave my savings as a security for expenses if needed. I don’t think it’s a terrible idea because I’d be taking investment money to reinvest in another way. I’m thinking it’s going to be tough finding a property in the given market because inventory seems limited and prices are high. Even with the high rental market it seems it is going to be tough to find a property that the income could at least cover most of the mortgage. Thanks BiggerPockets for opening my mind to all the information and possibilities to invest!