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You can get a home for 3.5%-5% down as a first home buyer
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family owns a few locations and developing a 42 unit apartment now.
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started small i guess, dad works alot, saved up bought one property, over time is just buying when we can afford to. All about hard work and patience, start young and dont rush into buying anything. Thats just how i see it.Did your family save up, loans, or did you guys take advantage of a grant program.
Can't say I'm a selling agent but I own a condo (paid off) and am about half way through paying off a town home. I'm not going to say they have been great investments yet because I haven't even looked to sell. I know for what I paid for my condo, I'll get about 75-100K off of it if I sell currently. They each serve a current purpose so not looking to sell, but you can do a lot with real-estate, depending on your intentions. Currently the best investments I've ever gone in fully liquid, pause.
See a lot of talk about flipping houses, anyone here a selling agent?
In the process of purchasing my 1st investment property in Acworth, Ga (near Kennesaw State University). It's a duplex so I'm getting rent from 2 tenants, each currently paying $900/month. Everything, closing costs included is $193k. My down payment is $39k and my mortgage will be a little over a $1,000.
I'm excited to be making passive income, My cousin owns some duplexes down the street from the one I'm buying and his property values have gone up alot in the last year or two. I'm going to be working with a property manager as well.
You pretty much did everything the right way, especially with the property manager. Should make life a whole lot easier for you. If you need any tips feel free to ask...