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3
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2
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Aidan Fox
2
Votes |
3
Posts

Stuck at the first part

Aidan Fox
Posted

I’m a newer investor trying to get started with a house-hack but I’m stuck on the down-payment side and could use some strategy ideas. My W-2 job requires me to live within about 30 minutes of the hospital in Portland, Maine, so I’m locked into that radius. Prices in that area feel high relative to a lot of other markets, and with my current salary it’s been really hard to save anything close to a $60k+ down payment. I’m open to creative financing, different property types, or any other work-arounds people have used in high-cost areas while still meeting a residency requirement. Any advice or experiences would be hugely appreciated.

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59
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16
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Emanuele Mayer
  • Lender
16
Votes |
59
Posts
Emanuele Mayer
  • Lender
Replied

You’re asking the right questions. Focus on learning, running numbers, and building your network while you save. Preparation usually pays off when the right opportunity comes along. Best of luck!

  • Emanuele Mayer

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