All Forum Posts by: Diara Campbell

Hi, I am interested in starting my real estate journey. However, Just like most people I do have low funds for this type of endeavor. Yet, i know theres a way around this. I have been doing my own personal research on this matter and came across a few things; such as FHA loans, possibly leveraging my good credit score to get business credit and then use it as a down payment on a property, ofcourse hard money lenders, air bnb, and e.t.c... My question is what would be the best way to start out where i can obtain a multi family home with little to no money down and risk the chance of being in debt. Please help! Any advice would be greatly appreciated.

P.S i do work, but the funds i currently have just isnt enough.

Thank you so much for the beneficial advice. I will do so. 

Thank you everyone for all the beneficial advice! Trust me, I really appreciate it and way more confident now to get started than i did before. 

Thank you so much. I also have one quick question, after a year of living in the first rental property that i used an FHA loan for. Am i able to finance the other multi family homes using another FHA loan? Even though technically speaking, i still owe an balance from the first loan?

As my post states, i want to start of my real estate venture by house hacking and using a FHA loan to help finance it.. But i do have long term goals of owning multiple multi family homes in order to generate as many streams of income. But i am not sure how to go about financing other multi family homes while house hacking if im already using an FHA loan for my first property. Is there anyway around this situation? If so, how? Thank you in advance to anyone who replies to this post. Trust me, any feedback that is given to me is greatly appreciated!

Thank you so much for replying to my post. To you answer you questions, i would like live in either New Jersey or Brooklyn. As for my long term goals, I would like to invest in a few multi family properties so that i can have different streams of income. Enough to replace my current job. So to be able to have a chance to start working towards  long term rental for me would definitely be ideal because i want this to eventually be my main source of income. Not to mention, i really dont mind living in one of the properties. Is there anyway i can reach you personally, so that we can chat a bit more about this in depth, so that i can start to get the ball rolling?

Hello everyone, I am very eager and serious about starting the process of purchasing my first multi family home. I currently work for the department of education and i am looking for a way out through passive income. So i saved my money and worked all last year to get my credit score in good standing. I am very serious and would like to get the ball rolling. I have read alot of books as well as read a lot of forums based on all things multi family units. I have an idea of how to get started but i am always opened for some great advice. What i seem to be a bit apprehensive about is actually starting to the process. I have so many questions as in, in order for me to start getting into a multi family unit, do i have to get a mortgage? If so, after i apply for one, where do i look for multi family units exactly? I know the market i want to be in which is New York. But do i use a real estate agent to help me find a home so that i speed up the process? Is there anyone on this website that would be interested in helping me along the process? All help is greatly appreciated. Thank you all in advance 

Okay, thank you so much.!

I am a young 29 year female who currently works for the NYC department of education as a 1st. grade teacher and  i currently hold my bachelors. Although, i find my field to be a very rewarding one, it’s not a big pay off kind of field so i’m in search for change. A change that would be so great to where i can earn a huge increase income that will help fund my first apartment and my first car. So my question is, how do i get started in the small apartments field asap?