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Updated 12 months ago on . Most recent reply

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Kahi Jelf
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3
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First investment property advice

Kahi Jelf
Posted

Hi everyone, still pretty new to the investing game. I currently have a home that i’m living in and now have an opportunity to buy my first investment property. The owner of the home is from a family friend, parents past away and kids just wants to let the property go. So I asked if i could buy it and now it’s a verbal commitment. So as of now i paid off all my dept and putting cash aside. I don’t have enough for a down payment but i do have quite a bit of equity in my home. looking for some insight on how i can get a low down payment or should i use my equity, plus funds to fix property. 

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