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Multi-Family and Apartment Investing

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Marsha F.
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How long did it take you to save up for your downpayment?

Marsha F.
Posted Mar 14 2019, 14:15

Hey BP!

Right now I am in the savings phase of my journey and I'm about 1/4th of the way there. I'm taking the basic route which includes budgeting and living frugally to save up for my downpayment/closing costs/cash reserves. I am curious to find out how did you guys get the money for your first property? Did you have a side hustle to supplement your W-2 income? I am trying to think of some ways to make some extra money. So far, all I got is selling some old clothes. I thought about uber/lyft but I already have a long commute to work so I don't want to completely beat up my 2005 Chevy. Any creative suggestions? How much did you ultimately save up, how did you do it and how long did it take you? 

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