Updated about 6 years ago on . Most recent reply
Should my wife and I keep renting or look into buying?
Hello Everyone
New here and been juggling the idea of doing some real estate investing. but not sure what directions to go. My wife has student loans and we are currently renting. We did start saving a few months ago but it’s barely anything for a down payment. Just wondering what’s everyone’s take on this. Thank you - Makan
Most Popular Reply
@Makan Ahmadi the 7th wonder of the world. House hacking. Buy a small multi 2-4 units with less than 5% down. Move every year for 10 years and have between 20-40 cash flowing doors. If I was starting over this would be what I would do. An investment property needs between 20-25% down. So if it needs 25% down for the same amount of cash you can buy 5 properties not including closing costs.