How much money should I save up before I start house hacking?
Hello again guys,
I've posted a few times here and I've been lurking on this website for the last 8-9 months now. My question is how much money money should I save up before I would be comfortable pulling the trigger on my first multi-family property? the average property here in central florida is between 90k -150k I've got my IRA separate which I know I really shouldn't be touching but there's about 6k in that. As far as cash savings I've got about 5500 in there. Saving has been slow since I've been paying off student loan debt and other debts, but my goal is to save up about 15k by summer I feel like this should be a nice comfortable number starting out with a fha loan on about 100k loan or there abouts. Can anyone share some opinions with me on what they think. I want to make sure I've covered all bases before I begin. Thanks in advance for taking the time to read.