Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Austin Godwyn
0
Votes |
2
Posts

Hi everyone, starting out in real estate investing & have q's..

Austin Godwyn
Posted

Hello everyone, I am looking to start investing into some real estate.. Specifically looking to get into some kind of multi family home or a duplex where I can do some sort of house hack deal. I have about $170k cash saved and willing to do a 10-15% down payment if needed. I do not have a job at the moment but this may change.. The cash I have saved is from affiliate income which is hit or miss.. Some months I make $20k, some months I make $100. If you were in my shoes, what would be the best course of action you would take in order to attain your first property, get the rental income generating so I can eventually with time generate more properties and with more properties, more cash flowing in. I realize the market is not in the best position right now but I figured if I am going to buy a property I might as well start now that I have some cash saved and low to zero debt.

Look forward to any advice and help, thank you!

Most Popular Reply

User Stats

28,237
Posts
41,403
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,403
Votes |
28,237
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Austin Godwyn:

House hack. Buy a four-plex with a low down payment, live in one unit, rent the other three out. You should still have plenty of money left over for a reserve and maybe another investment or two. In a couple years, repeat.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
168 Reviews

Loading replies...