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Updated about 8 years ago on . Most recent reply

User Stats

79
Posts
26
Votes
Brian Tran
  • Oklahoma City, OK
26
Votes |
79
Posts

Mortgage options for a young and new investor

Brian Tran
  • Oklahoma City, OK
Posted

Hello investors,

I am trying to narrow down the mortgage options for a future house investment within the next year. I'm looking for a loan (around 50k) without a down payment and with an institution. I'm in the process of getting a credit card so currently I have no credit and i'm working a low-wage job ($10/per hour) making around 800/month with about 500-600 to spare. I see that there are many options and honestly it's sort of overwhelming how many options there are. I'd like to get to narrow these options before I undergo "analysis paralysis". 

Thank you for taking the time for reading my post and helping a new young investor!

Best Regards,

Brian Tran

Most Popular Reply

User Stats

251
Posts
129
Votes
Zachary C.
  • Property Manager
  • Huntsville, AL
129
Votes |
251
Posts
Zachary C.
  • Property Manager
  • Huntsville, AL
Replied

@Brian Tran

I just saw on your profile that you're still in college, if there are a lot of transient student and student from out of town at your school a 2-4 unit place near the school could be great for while you're there and after you leave.

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