Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

283
Posts
59
Votes
David White
  • Edgewood, MD
59
Votes |
283
Posts

Small Multis

David White
  • Edgewood, MD
Posted

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

User Stats

16,434
Posts
12,725
Votes
Ned Carey
  • Investor
  • Baltimore, MD
12,725
Votes |
16,434
Posts
Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@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.

  • Ned Carey
  • Loading replies...