Obtaining first loan/financing

[Justin Cooke]

I am interested in obtaining my first rental home, but I do not have the funds to secure a down payment. Is there a way to use crowdfunding investing to obtain a loan? or any other alternatives to this situation? I live in Virginia Beach where vacation rentals do very well. 

[Nathan Platter]

Hi Justin,

Look at owner-occupying a 2-4plex. If you're able to scrape together 3.5-5% for a downpayment, you're in! Buying an investment property requires 20-25% so going owner-occupant saves big on your first purchase.