My fiance and I are looking to buy our first property. I have a successful vending business and I have all my cash tied up in the business right now. My fiance and I want to start with a triplex or fourplex and live in one of the units. We are looking to be real-estate investors as part of our business portfolio. My questions are as follows:
1. Should I seek an investor, or wait and save for the down payment?
2. Should I start off with a 6-plex, or is it better to start small?
I know we won`t have positive cashflow, espically if we seek an Investor and live in one of the units.
We are only 24 and I guess what I am asking is what would be the best way to start out.
Thanks in advance for the comments.
Brandon
1. Should I seek an investor, or wait and save for the down payment?
2. Should I start off with a 6-plex, or is it better to start small?
I know we won`t have positive cashflow, espically if we seek an Investor and live in one of the units.
We are only 24 and I guess what I am asking is what would be the best way to start out.
Thanks in advance for the comments.
Brandon