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Updated about 4 years ago on . Most recent reply

User Stats

18
Posts
15
Votes
Nicholas Krieg
  • Rental Property Investor
  • Wabash, IN
15
Votes |
18
Posts

First time buyer ~ Understanding lenders and how to start out.

Nicholas Krieg
  • Rental Property Investor
  • Wabash, IN
Posted

I am just getting the ball rolling in Indiana. My goal is to have acquire my first property by May and hopefully a 2nd before the end of the year. (Wabash and surrounding to be specific). As I am analyzing deals daily and doing plenty of shopping, I've realized I need lending. I listen to the BP podcast religiously, and have heard "investing with little to no money down" multiple times. However, I'm having a hard time not getting lost in finding a lender or losing sight of the strategy more less. I can easily find multi-family properties less than 100k and SFH for 20~75k. However, for someone that doesn't have a boat load of cash to throw down, I get confused on where I can find financing that will fit my situation. Any advice is very welcomed. Indiana or not.

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