Good Evening BP World,I am currently looking for my first deal - multi family that I can house hack.

It would mean the world to me to be able to speak to you.

The place to start is saving, in the real world it is hard to get started without a down payment

Cheaper properties generally look better on paper, but real world reality will look different.

If all the money you have in the world is $30k for example, dropping $30k for a duplex (with some debt) and 5% return is probably not smart.

FYI, I have the cash to purchase it outright but I would much rather secure it with a mortgage and get a better interest rate than doing a cash out refi in 6 months and having to pay a higher rate.The house has a little built in equity, purchase price 130k market value 145-155k.I will be contacting an attorney but I feel like this is a good place to get real world knowledge. thanks in advance for all replies!

LinkedIn if interested in more of my background.I have been a long time lurker of the real estate world trying to figure out how to get my foot in the door.When I was in the Navy, I spent my time underway reading every real estate/self-help book I could find.

So it's difficult to take you seriously as you have a somewhat Utopian world view currently.What I can tell you is what I did.

FOr reasons I will not mention that has to do with the 20th of May WINK WINK they couldn't ist it.So they found us, because we have the best website in the world  (We outsource our SEO to magical fairies) they found us and that free lead is about to give us over $80K.Why?

I live in one of the most expensive city in the world.