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Updated over 3 years ago on . Most recent reply

User Stats

33
Posts
6
Votes
Dareen Allie
  • Rental Property Investor
  • Phoenix, AZ
6
Votes |
33
Posts

Down Payment Struggles As A Newbie

Dareen Allie
  • Rental Property Investor
  • Phoenix, AZ
Posted

I’m looking to invest in a property in Arizona. This will be my first property ever bought or invested in. I have no down payment. I’m not sure if a loan, credit cards or my 401k would be a better option to use as my down payment. Some people also say do a couple of flips to build the capital but i need a down payment to even start a flip. And saving just seems like such a long process to me.

Most Popular Reply

User Stats

840
Posts
1,316
Votes
Todd Powell
  • Rental Property Investor
  • Corvallis, OR
1,316
Votes |
840
Posts
Todd Powell
  • Rental Property Investor
  • Corvallis, OR
Replied

@Dareen Allie live below your means, take 2nd or part time job, liquidate belongings to turn into cash, ditch items that may have payments, (car payments) and you can make it happen.

I do not know the Arizona market but I know it takes work to save money. You can do it!

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