Hello - I am a 22 year 2017 college graduate. I am currently employed but am seeking passive income in 2018. I am curious, from the various experiences of those reading this, how much should be put down on a first multi-family investment property. I want it to be owner occupied for obvious interest rate benefits - but am not sure exactly how much I should be saving. With the understanding that the potential investment (if it is intact a good investment) will pay its own mortgage and some, I do not want to be putting more money down than I need. On the other hand I do not want to be at risk for going upside down should local/national market conditions take a drastic turn. I currently have ~$6k between cash and stock market investments and am saving about $1.5k - $2k a month going forward. Thoughts and experiences?

First post here!

Best,

Will Driscoll

New Hampshire 

@Will Driscoll when you say multi-family, are you talking 2-4 units or 5+ units?

5% down with a conventional loan for a residential 1-4 units

@Andrew Postell I am going for less than 5 units. Ideally 3 at minimum

could do 3.5% with an fha loan as well

@Will Driscoll , reverse engineer the down payment, closing, rehab cost, etc.. by identifying a property that you are interested in purchasing with target cash-flow / ROI and use the rental calculator to determine the necessary funds.