Stepping foot into the world of real estate

[Nathan Esquenazi]

I’m extremely new to this scene and am eager to learn as much as possible and eventually get my first property!

I’m very interested in house hacking and renting 2-4plexs. Here’s where I need y’all’s help! 

What things should I look out for specifically when searching for multi-family properties?

Generally what types of loans would benefit a first time buyer? I have 700+ credit score and would ideally like to pay as little of a down payment as possible.

Should I worry about finding a property first and then finding a loan? Or loan first then property? 

What is information I should know or be aware of when the time for purchase comes, or during the purchase phase? 

Again I’m very new to this and want to absorb as much knowledge as I can! 

Any other help is greatly appreciated!

[Nicholas L.]

talk to multiple lenders about their low down payment programs - there are more than one these days - including 203K loans for fixers

get pre-qualified first

go to REIA meetings and network with agents and other investors

don't fall in love with the first property you look at

look at as many properties as you can stand to look at

make realistic offers, but offers that work for you

think about the numbers both with you living there (you probably won't cash flow, and that's OK) and after you move out

that's a start