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Updated about 6 years ago on . Most recent reply

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7
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Gary Grant
  • Carlisle, PA
0
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7
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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

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265
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148
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Travis Wylie
  • Property Manager
  • Harrisburg, PA
148
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265
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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

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