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All Forum Posts by: Ronnie Wainaina

Ronnie Wainaina has started 1 posts and replied 4 times.

Post: Too broke to start investing?

Ronnie WainainaPosted
  • Posts 4
  • Votes 1

Hey Alex,

It's more challenging to find a small multifamily that is that price in a decent neighborhood in baltimore, it's below the average price. That's also another reason I'm rethinking the duplex idea, single family are easier at that price but still challenging because It's below the average price. It's still my preference to house hack a duplex but I'm open to house hacking a single family house.

Ronnie

Post: Too broke to start investing?

Ronnie WainainaPosted
  • Posts 4
  • Votes 1

Thanks Ran and Josh for the advice I'll just stay patient I'm saving aroudn 70% of my income, so I'm in a decent situation right now.

Post: Too broke to start investing?

Ronnie WainainaPosted
  • Posts 4
  • Votes 1

Hey Dan, I'm around that age range I would be interested

Post: Too broke to start investing?

Ronnie WainainaPosted
  • Posts 4
  • Votes 1

I'm confused about the best way to get started in real estate, I'm currently living with my parents and my original plan was to buy a multi-family house and house hack it, I wanted to put in 20% down payment looking for a house that costs at most 250,000. The problem is that It seems like it will take a long time to get enough money to even put in a competitive offer currently have around 10k in emergency fund and about 20k just set aside. 

Also, the criteria for the type of house will make it challenging as well with the price and looking for specifically multifamily. The money that I set aside was ment to pay my student loans off that have been deferred should I just be patient and try to save up more or just use a different strategy.