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Updated about 5 years ago on . Most recent reply

User Stats

41
Posts
30
Votes
Ryan Freet
  • New to Real Estate
  • Columbus, OH
30
Votes |
41
Posts

Financing my First Deal

Ryan Freet
  • New to Real Estate
  • Columbus, OH
Posted

I am looking to put together a house hack for my first deal and am trying to figure out the most effective use of my available options with the goal of using as little of my own money up front as possible.  I am unsure of the best way to integrate all or some of these options most effectively. I am fairly handy and plan to find something I can put some work into as well.

Through networking and personal contacts I have private money available to me once I find a deal (>$100k). The money is from multiple people who have said they are interested in investing once I get going.

I have great credit and my current debt service payments are ~9% of my gross monthly income.

I've completed college within the past 3 years and never purchased a house or property before so I am unsure what that would qualify me for in terms of other aid.

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