Buy a fourplex, live in one unit, rent the other three. The speaker bought one for $295,000 at $725 per door and used VA benefits for 0% down financing with lenient credit requirements.
$295,000
$725 per door
0% down
12 months
No; the speaker says "your credit score doesn't even be that good," implying lenient credit requirements.
That's how you can start with a bang, live in one unit, rent out the other three, and get the appreciation and the tax benefits on an entire building. That's exactly how I began. You probably saw a picture of it. It was a $295,000 modest fourplex and the rents in each door were 725. I can still remember that. That is a great actionable way for you to get started. And if you have Veterans Administration benefits, VA benefits, it's 0% down. A 12 month owner occupancy period, and your credit score doesn't even be that good.
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