50 words or less - Getting First Downpayment

[Derek Meyer]

A friend of mine is saving up for his first downpayment. At his current rate it’s going to take about 3 years of saving in order to come up with his first downpayment. I’m curious how others came up with theirs.

My first downpayment was a gift from a family member to house-hack a 4plex on an FHA loan (3.5% down).

[Lien Vuong]

Increase income, reduce expenses, and start hoarding money. $1 at a time!