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Sandro Bianco
  • Basking Ridge, NJ
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Newb with No funds but great Credit

Sandro Bianco
  • Basking Ridge, NJ
Posted

Hello All! This is my first post on the Bigger Pockets forums so i'm very excited! To give you a little background on myself, I am 30 years old and hope to soon be a first home buyer. I have no savings but i have a 401k that I know I can withdraw 10k for a first home purchase. I love the idea of buying a 3-4 multiplex, living in one unit and renting out the other units but since I live in NJ and I only make 55k/annually I have no idea how i would accomplish this goal of mine without getting a better job. My credit score is around 800 which is awesome but I was wondering how the pros would recommend me starting off seeing in the next year I will have to move out. Another side note is that I am considering joining the Army Reserve to help pay off my 30k of student loans and also take advantage of their VA loans and I just finished getting my Real Estate License. Any advice will be greatly appreciated and I am curious to hear what strategies you guys recommend for some one that isn't making much.

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