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Updated about 1 year ago on . Most recent reply

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Jarred Marrow
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Investors, Agents- looking to purchase first property

Jarred Marrow
Posted

Hello all, I am currently interested in finally pulling the trigger and getting into my first property towards my RE portfolio. There are a few questions I have as my income isn't high and I know it might be hard to get a loan for a house but I do have enough capital raised for a down payment (15k). The main purpose of getting a property is that I want to use it as an investment property where I could have tenants or maybe even air bnb something that would bring me cash flow, I was wondering if anyone has any advice on loans or agents or maybe even any ideas/strategies that would be good insight on helping me beginning my journey. Also feel free to contact me as I am looking for like minded individuals that may be able to bring value to each other.

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Jarred Marrow have you spoken with a loan officer already?  I'm asking this because how do you know your income isn't high?  Also, how do you know that $15k is enough?  Who is telling you these things specifically?  

  • Andrew Postell
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