Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Gary Grant
  • Carlisle, PA
0
Votes |
7
Posts

No Money Down: How to but my first rental property

Gary Grant
  • Carlisle, PA
Posted

I am in the Harrisburg, PA area and I want to buy my first property with no money down.  My goal is to purchase something by 9/1/19.

I have no Real Estate Background but, I just Read the Rich Dad, Poor Dad.

I own my own transport business now.  I want to buy 10 properties in 5 yrs.

I am all ears so please give me your best advice.

Most Popular Reply

User Stats

263
Posts
148
Votes
Travis Wylie
  • Property Manager
  • Harrisburg, PA
148
Votes |
263
Posts
Travis Wylie
  • Property Manager
  • Harrisburg, PA
Replied

I'll second what @Joe Chirdon said and would highly recommend you try a house hacking method via an FHA (3.5% down and up to 4 units). It's going to be difficult to pull off a no money down with no experience/track record and lack of education. Start by educating yourself on various real estate topics specially no/low money down methods (there is a BiggerPockets book on this topic) and start honing in on one specific strategy. Asking the public a vague questions with limited experience is going to get you a bunch of answers that will overwhelm you or not apply to you. Start with educating yourself so you can ask more specific 'how to' questions. Good luck in your journey!

  • Travis Wylie

Loading replies...