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Updated over 2 years ago on . Most recent reply

User Stats

6
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1
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Blain Thomas
  • Realtor
  • South Jersey Area
1
Votes |
6
Posts

Money to Help Purchase My First Multifamily Property

Blain Thomas
  • Realtor
  • South Jersey Area
Posted

Hello all,

My girlfriend and I are slowly but surely saving up to purchase our first multifamily property next year. My NACA councilor said I need approximately 26k to move forward. We've got some saved up now. I like our savings pace, but I'd like to speed it up a bit. How did you guys save up for your first property? Side gigs, second jobs, budgeting, combination of things, etc.

Thanks in advance

Most Popular Reply

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667
Posts
490
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Malcomb Stapel
  • Investor
  • Topeka, KS
490
Votes |
667
Posts
Malcomb Stapel
  • Investor
  • Topeka, KS
Replied
Quote from @Blain Thomas:

Hello all,

My girlfriend and I are slowly but surely saving up to purchase our first multifamily property next year. My NACA councilor said I need approximately 26k to move forward. We've got some saved up now. I like our savings pace, but I'd like to speed it up a bit. How did you guys save up for your first property? Side gigs, second jobs, budgeting, combination of things, etc.

Thanks in advance


 Budget aggressively, save ruthlessly and work as much overtime as you can afford! Next time you think about going out for a quick bite to eat because you had a long day and don't feel like making anything, just eat a cold cut sandwich at home, then take the $20 you would have wasted on some McNonsense and put it directly in the savings. 

  • Malcomb Stapel
  • Loading replies...