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Updated about 3 years ago on . Most recent reply

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Thor Klein
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4
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How to buy first investment property without traditional loan

Thor Klein
Posted

Hello bigger pockets community,

I am 23 years old and am very motivated to buy my first investment property sooner rather than later. I have read several real estate investing books and listen to a lot of bigger pockets podcasts but am still new and fairly inexperienced to real estate investing and realize that taking action is the key. 

I have around 40-50k that I can put into a down payment but my main hurdle is financing the property. I am not able to qualify for a traditional loan due to my lack of job history. I am posting on here to see if anyone has any tips or suggestions on how to buy an investment property without traditional financing. I live in San Diego so am looking for an out of state investment because I am not able to afford a SFH here as they are too expensive. Any out-of-state investing advice would be greatly appreciated as well!


Thank you for the suggestions!!

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