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Updated almost 12 years ago,
NEED HELP!!!
NEW INVESTOR...
I recently was close to getting my first home which would have been a 4-plex house. 3 days prior to closing, my loan company told me I did actually need 25% down payment instead of 3%. ANYWAY that failed so I'm looking for a single family home for me and some roommates. That way I still get rent from roommates at least.. But now I was told I can only qualify for 60k.. That will put me in a cheap house in bad neighborhoods or I could get a 1 bed 1 bath in better neighborhoods. DILEMA. My future goal is to have houses, apt, etc. for rent. Maybe do some flips.. But I am having a harder time than expected in GETTING STARTED... So I would appreciate any advice at all in ways to get going. I got about 7k to invest with.
Thanks