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Updated over 6 years ago on . Most recent reply

User Stats

117
Posts
16
Votes
Juan Alvarez
  • Fort Worth, TX
16
Votes |
117
Posts

How did you manage to finance your first rental property?

Juan Alvarez
  • Fort Worth, TX
Posted
I am still educating myself on real estate. I am wanting to finance my first home next year. I am planning on spending the next 5 months educating myself. No one in my family has invested in real estate so there is not much I can ask them. My question is, how did you guys manage to finance your property? I graduated from college last year so i currently don’t have enough for a down payment or rehab cost. Any advice/guidance would be greatly appreciated.

Most Popular Reply

User Stats

402
Posts
177
Votes
Josh Mitchell
  • Real Estate Agent
  • Naperville, IL
177
Votes |
402
Posts
Josh Mitchell
  • Real Estate Agent
  • Naperville, IL
Replied

@Juan Alvarez A lot of different ways to do it. You could buy a 4 plex with 3.5% down, rent three units and live in the other with an FHA loan. Hindsight is always 20/20, but I wish this is how I would have started......

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