1st rental property

[Mike McFadden]

Hello everyone hope all is good! So we are contemplating our first rental property out of a direct mail campaign we were doing. We would like to hear about the no money down scenarios that are out there one last time. Before I go lay down 25,000 dollars down on an FHA loan I would like to know what my other options are. I'm good with skin in the game but 25000 takes a lot of money out of other opportunities.

The purchase price would be $122,000. ARV is $161,000. Rent should bring in approximately 1200 dollars per month. According to bigger pockets rental calculator it should cash flow about $250 per month.

Thanks for reading and any ideas would greatly be appreciated.  Any mentors...Brandon or Josh feel free to jump right in and help us walk through this. Please!  

Thanks from Colorado.  

Mike

[Joshua Dorkin]

Thanks for the feedback, @Andrew Davis

@Mike McFadden - You can also analyze your deal using our Rental Property Calculator and can run various scenarios to see what might work best.