My First plunge into real estate investing

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My First plunge into real estate investing

Dave Wilson
Engineer/Project Manager/Entrepreneur/Invester · Oshkosh, WI · Member since 2010 · 13 posts · 3 votes

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $137,000

Cash invested: $6,850

This was the first duplex I bought and house hacked.

What made you interested in investing in this type of deal?

Honestly I since this was my first rental and I was also going to be living in it, I was somewhat emotional about the deal and didn't really dive into the financials as much as I should have.

How did you finance this deal?

Financed this deal with a residential 30yr note with 5% down

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  • Christian Johnson
    New to Real Estate · Member since 2026 · 4 posts · 0 votes
    3d

    Hey Dave, Christian here. I’m currently in the valley area trying to do a house hack method as well. I’m just scared to hop in because I don’t make much annually right now. Do you think 40k annually is enough to get started & accept with an fha loan ?

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    • Aaron ZimmermanBusiness Member
      Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
      8h

      You would need rents to help you qualify and I’d recommend building up some reserves too. I’d say you’ll probably want $15-20k at least even with fha. Theres ways to lower cash out of pocket too such as closing earlier in the month, seller credits, etc.

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