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      05-21-2018, 02:34 PM   #1
$iriu$black
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Drives: 2012 BMW 128
Join Date: Dec 2014
Location: NE

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Buying a multi-family for a 1st home/initiation to real estate investing advisable?

In my continued quest for looking for a "second wind" from my current career, I stumbled upon this idea that I'm sure A LOT of people are doing already since I don't know when.

We are in the process in saving up for our first home and was thinking of buying a multi family, living on one unit, then renting out the other(s). Are there any multi family owners here (better if local to Boston) that can share some advice? I just want to be able to get my feet wet on business, be it whatever type, as long as I get enough guidance.

I have a few questions about it and pros/cons from your own experience:

1. Is it really harder to get financing for a multi family since it's commercial rather than a normal mortgage for a SFH?
2. Will you advise it on a total noob to the industry?
3. Did you have to attend pricey seminars (I don't think it will help me aside from take my money) to "learn?"
4. Do you regret not doing it earlier/regret doing it at all?

Thanks for any input? Like I said, I am just in the thinking/planning phase, still saving probably until end of year or maybe even into next year.
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