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Updated over 11 years ago on . Most recent reply

User Stats

5
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0
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Brad Kaan
  • Oxford, MI
0
Votes |
5
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First Real Estate Investment - Low %Down Payment

Brad Kaan
  • Oxford, MI
Posted

Hi all, (enthusiastic) newbie here!

I'm looking to invest in a first home (with plans to invest in another shortly down the road). I wanted to see if anybody had any input on what to do/where to go to qualify for a low % down payment. Are there certain lenders who are more likely to approve low down payments than others?

Additional information:

1) I plan on purchasing a 'turn-key' first home to live in and shortly after settling in I plan to purchase another property that needs some work to possibly flip to build up some capital for the next (bigger) investment. [tentative plans]

2) This will be my first real estate investment. I have been out of school working full time for over a year and I believe my credit score is faily good (I don't know the exact number).

3) Located in Southeast Michigan

Thanks for your input!

-Brad

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