Down payment and reserve money shortage

[Taron Jackson]

 Hey "Big Pocketers" 

I want to purchase a multi family home...I have A+ credit, a job that pays 50k/yr but I don't have much in savings at this time...this is a general question, but what are some options to get me started? Any grants that I may be able to look into? Should I look for a partner? Just need some general advice...thanks. 

[Marc C.]

I would buy a nice Class or B 2-4-unit, finance it with an FHA or VA loan with 3.5% down, and live in one unit. If you don't have at least 5% of the purchase price for the down, closing costs, and reserves, then wait until you've saved that.