Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
I have a certain amount of cash,But dont know where to start
I just moved to Houston in October 2017. I have a certain amount of cash, I'm looking to find a investment property to rent out. I don't know much about loans or lenders. What are some steps I should take to find my first property. Lately i've been learning about the wholesaling aspect of real estate. If you have any advice please help me out.
Most Popular Reply
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
- 2,757
- Votes |
- 4,876
- Posts
#4 Mortgage Brokers & Lenders Contributor
- Washington, DC Mortgage Lender/Broker
Originally posted by @Christopher Henry:
I just moved to Houston in October 2017. I have a certain amount of cash, I'm looking to find a investment property to rent out. I don't know much about loans or lenders. What are some steps I should take to find my first property. Lately i've been learning about the wholesaling aspect of real estate. If you have any advice please help me out.
You should be looking for a multi-family property. That way, you can live in one of the units while the tenants pay for your mortgage. Use FHA for your financing. Moderator, this is not a solicitation. We don't do FHA. @Christopher Henry, I can refer you to someone that does FHA if you'd like.
Best of luck
Stephanie