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Updated almost 5 years ago,

User Stats

29
Posts
11
Votes
JC Leach
  • Rental Property Investor
  • Salt Lake City, UT
11
Votes |
29
Posts

Feeling overwhelmed as I search for my first property

JC Leach
  • Rental Property Investor
  • Salt Lake City, UT
Posted

I have recently started researching and looking into real estate investing. I have good equity on my home and was wanting to use that towards another property. Today I had an agent reach out to me about 2 distressed home owners looking to sell low. I don't have the capital yet, as I am still in the process of the cash out refi, and feel like they both could be good buy and hold properties. How would you guys go about securing one, if not both of them? Hard money loan? Private? Find a local bank that may allow a no-down conventional? The market uncertainty worries me a little as well. Trying to stay positive though and keep moving forward! Any advice would be great.

Thanks!

JC