All Forum Posts by: Jeremy Nault

Hi @Account Closed Welcome to Bigger Pockets.  Love the goal of financial freedom, in my opinion it is the only goal that matters!  Good Luck with your investing journey! 

@Christine Lee Middleton I believe there is a max, but I am not sure how high it goes.  I would check with a your local lender as I believe it is going to vary from location to location.  Hope this helps! 

Hi @Adam Lowe, It been mentioned a few times in here already, but figured it wouldn't hurt to repeat! In my opinion the best way to jump into multifamily investing is through house hacking.  Look for a 2-4 unit property that you can get into using a low money down program.  Once you are in the property for a year, you should be able to repeat the process slowly growing your portfolio.  I hope this helps and good luck with your investing! 

Hi @Christine Lee Middleton. When looking at purchasing an owner occupied home I would recommend a conventional and or FHA low money down loan program. While it my not be "creative" it is a great way to get into a property with as little as 3.5% down, which in my opinion is pretty creative! I would talk with your loan officer and see what they have to offer. I hope this helps and good luck with your investing!

Great Property! Congrats again! 

Hi @Matthew Drew.  I personally a little partial to southern New Hampshire but you may be starting to get priced out looking for under 200K.  Seeing as you are open to multiple area's you should be able to find something.  What is you plan for the property?  Are you looking to house hack it or to purchase it as an investment property?

@Brandon Levesque Love the idea of starting with a house hack.  Best way to jump into the world of real estate investing in my opinion. Sounds like you have a pretty solid plan, feel free to reach out if you have any questions! Good luck with your investing! 

@Peter Carboni Hi Peter, first off congratulations on deciding to dive into the world of real estate investing. House hacking is in my opinion is the best way to jump into the industry!  While I am not too familiar with the area's that you have listed I am a great believer that you can find a deal in any market.  As @Jason Wray mentioned, southern New Hampshire may also have some great opportunities for you.  I am currently living in my second house hack in the southern New Hampshire area and absolutely love the area! Feel free to reach out if you have any questions and good luck with your investing journey. 

@Ryan Hamaker Currently a just a one man show, but starting to look into possible partnerships options.   

@Sean MIddleton Hi Sean, I feel your pain when estimating CAP Ex, Vacancy Rate and Maintenance Costs. These variable expenses are so hard to correctly budget for as they will vary from month to month and year to year. I personally use 5% for all three of them when analyzing deals, but there are a lot of variable's from property to property and even city to city that you will want to look at as well. I look forward to seeing what everyone else has to say as I could probably improve in this area as well! Good luck with your investing!