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Updated over 10 years ago on . Most recent reply

Small Multis
First and foremost I am new to real estate investing. I finished reading the "Beginners Guide..." and am currently reading "Real Estate Rewind." I thought I wanted to first learn about wholesaling because I thought that was the easiest way into real estate. But now I want to learn about obtaining multi family units. The first benefit for me is it allows me to finally become a homeowner. Not only a homeowner but a landlord. I also like the idea of having someone else pay my mortgage down. So I now have to develop a game plan in order to obtain a multi family unit. First and foremost I know I have to eliminate my debt (credit cards mainly but a few personal loans) in order to obtain a loan. I am a first time home buyer so I'm guessing I need to look into first time home buyer programs. I need to find a Realtor. I live in Edgewood, MD so my demographic is Harford and Baltimore County. Is there anything else I'm missing? Any advice or critique to my plans?
Most Popular Reply

@David White welcome to BP!
Buying a small multi unit and living in one unit is a great way to get started. You can get very good financing as an owner occupant and you are on your way.