Updated over 3 years ago on . Most recent reply
10,000 to get started.
If you only had $10,000 total to spend, what would be your ideas/steps to build to $100,000?
Most Popular Reply
@Justis Davidson
Utilize a down payment Grant and buy a duplex. Rent out one unit.
There is a four to one match grant program available for FHA or conventional first time home buyers. Its available in 48 states. You bring $5500 to closing and we add an additional $22,000. It's a fully forgivable grant after five years of living in the home. This may or may not work out in your long-term goals but once you're established you can move out sooner (rent out both units) and the grant money is prorated so not all of it would need to be paid back.