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Updated over 5 years ago on . Most recent reply

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13
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4
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Brad Koegel
  • Astoria, NY
4
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13
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How much to save for first purchase?

Brad Koegel
  • Astoria, NY
Posted

How much is a good amount of money to save up to make a downpayment on a multifamily? 

I would like to buy my first place soon but not sure what to set as a target number.  I know each area would have its own market, but what would be a reasonable amount to save for a duplex in a decent area?  

I'm currently a medical professional traveler, so I don't have a place to live permanently yet and am going to be moving to different cities/states over the next year at least 2-3 more times.  Any recommendations for markets to check out would be appreciated as well!

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