All Forum Posts by: Sam Kubwimana

I got a preapproval of $700K using rental income and 3.5% downpayment for buying a MulitFamily. Even if this is exciting, I am scared I may make a bad choice. This will be the first time buying a home. I have been reading some posts here about purchasing a MF. But if someone has some extra information and advice, I'd be happy to hear from you. 

My dream is to purchase a MF (3 units would be good), that has big lot so that some day you can add a unit in future to add value. But I live in Boston MA, which is highly competitive and houses here are very old. I was thinking going outside of Boston MA and find some cheaper but yet good cash flow MFs. Currently, I am working with one realtor. she is excited to find this house too! we have two months before the preapproval expires... 

PLEASE if you have gone through this or you have an advice to give, please don't hesitate to speak your mind. 

Thank you in advance for your time.

It is a great to hear from you as a nurse and a realtor. These are future careers I am going to pursue. I am still a student and I am planning to pass the realtor exam in May. Any motivation ideas are well welcome!

Thanks to everyone who took time to answer my questions I had about this endeavor. I really gained a lot from all you said. I am going to practice everything and stay in contact with many of people interested in RE as I can. My goal is to have a rental property in two years from now. I dont how much or where or what it will be. Only God knows!

My name is Sam. I am a student trying to get into nursing program. I love Real Estate. Actually, I used to be an assistant cost estimator for construction projects. My dream is to have rental properties (Single or multi families, apartments etc) I think it is a better way to become a millionaire and achieve financial freedom. I still have a lot to learn and sometimes I feel like I wanna give up as I see it as a big dream. I hope this forum will give me some enlightenments and connections that can help to achieve my goals.

Thank you!