Updated over 9 years ago on . Most recent reply
I don't know how to start
Hello all. My name is Jeanine and I'm interested in real estate investing , I just don't know how and where to get started. I currently work a full time job and not only do I want to invest but I also need to purchase my own home for the first time. I currently live with family. I'm looking for advice.
Most Popular Reply
You are in a a fantastic place to start. If you'd like to invest, I'd suggest using a 203(k) or FHA Loan on a multi family property. YOu can start with as little as 3.5% down (and from what I gather about the detroit market, you could probably do pretty well with about a 6k down payment). You can live in one unit, and rent the rest. You can purchase up to a 4 unit property.
Please let me know if you have questions - i just did this in may.