Updated over 8 years ago on . Most recent reply
looking for a opportunity.
I'm a maintenance technician in the residential apartment area and I have had the opportunity to work in all areas of building maintenance, from luxury high rises to low income homes. I have a passion for real estate. I want to dive in right now, but I took a huge point loss on my credit (which I've been building for a while) and now my score sucks, a really low number. I want to get started. I am barely making it financially so saving money especially the amount I need for my first investment property will take at least two years and I don't want to wait that long. what should someone with low income starting from scratch do? I want only multi family buildings that cash flow from the start. what do I need to do to get that first 3-4 family building? is lease option a good choice? seller financing? something has to give because I'm ready for a change. Any comments or advise I greatly appreciated. thanks
Most Popular Reply
Why not start looking for a partner? It sounds like you have the construction and technical background, and you might just need a silent partner to help fund it? If you don't do the partner route, you will need to be savings up for the down payment for the MFH.