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Updated almost 4 years ago, 01/29/2021

Account Closed
  • Chicago
2
Votes |
4
Posts

Funding first deal from long distance

Account Closed
  • Chicago
Posted

Hey everyone, I'm working on finding and funding my first deal from long distance so I don't plan to house hack which I believe takes away the option of a low money down FHA loan? Any suggestions for other low money down strategies for someone's first deal?

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182
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51
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Elise Hazzard
  • Property Manager
  • Saint Petersburg, FL
51
Votes |
182
Posts
Elise Hazzard
  • Property Manager
  • Saint Petersburg, FL
Replied

Hi Ben,   I see this post was 9 months ago, so before i comment about low money down strategies, I wonder if I should ask if the topic is stale.  Have you already made an investment? Are you still in Chicago?  Is there any type of property  you are focusing on in your search?

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2,392
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Jonathan Klemm
Contractors
Pro Member
  • Contractor
  • Chicago, IL
2,392
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3,920
Posts
Jonathan Klemm
Contractors
Pro Member
  • Contractor
  • Chicago, IL
ModeratorReplied

@Account Closed - Hopefully by now you closed your deal, do you have any update?

Were you planning on investing in Chicago?  OR where exactly were you planning to invest long distance?

Probably hard money would be the path of least resistance.

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