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Updated 2 days ago on . Most recent reply

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Jared Grubbs
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House hacking / Beginner advice

Jared Grubbs
Posted

Hey, I am currently looking into investing in multifamily homes to live in one unit and rent the other unit(s) out. I currently have no down payment, but plan to save enough for a 3.5% down payment of my projected budget, closing costs, and any extra for maintenance/rehab in the next 12-18 months. I aim to learn as much as I can through books, podcasts, and networking groups. I am also 19 years old and live rent free with my parents. Does it seem like any of this is rushed or should I have that sense of urgency to get into the real estate market sooner rather than later with this home hacking strategy? Or rather is this a good time frame for a beginner real estate investor such as myself?

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