Down Payment Assistance Programs

[Tommie Rowell]

Hello Everyone,

I'm new to the real estate investing seen but have attended seminars and done some book reading on my own up until this point and I think I'm finally ready to take the leap! Through all my studies I've developed this goal for myself to obtain my first property with as little out of pocket money as possible and I think I've found a way. So my state offers down payment assistance programs for first time buyers that meet a certain criteria. I meet this criteria and have also confirmed that I can buy multi-family properties with this program. I'm half-way through the process but wanted to check up with some legal and finance people to make sure I'm not missing any strings that may be attached here. Has anyone here obtained property this way or know of anything I should look out for before pulling the trigger?

[Harjeet Bhatti]

@Tommie Rowell Most of DPA programs has restrictions. It all depend if those restrictions will be obstacles for your investor journey. There are some DPA programs offer by individual banks. Explore all the options and look at their guidelines before you  take a loan.