Investing in multi-units is a great idea in my opinion! How much money you need to put down would be determined by the purchase price, so it is good to get familiar with the market you are looking within to understand when the price makes sense. Talk to @Michael Facchini with Fairway, he can help you figure out numbers if you are looking to use a loan.
I started my portfolio with multi-units in Chicago. Are you looking to owner occupy the property? If so you can qualify for lower down payments and other incentives! :)
Hi Alex, would be happy to help! Feel free to PM me and we can get a handle on what you'd be able to afford, ballpark payments, etc.
@Alex Rodriguez I would highly recommend you get with @John Casmon in Chicago, IL. He hosts a monthly multifamily meetup as well.
If it's your first multi family, you'll want to talk a lender and get an idea for the down payment you'll need. Typically you'll need to make a larger down payment. Congrats on making the jump.
Originally posted by @Alex Rodriguez :
@Steve G. Definitely interested
Messaged you separately.