Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Cesar M.
  • Houston, TX
3
Votes |
11
Posts

Alternatives options to buying property

Cesar M.
  • Houston, TX
Posted

Looking for some low cost options to purchasing a property. My dad is currently wanting to sell one of his rental properties and is giving me first dibs. It's a SFH that's already rented out to some very reliable tenants. No major issues with the house. Seems like a great first property to start my real estate venture. Issue is that I'll need to use ALL my savings to buy it with a conventional loan and that's if I only put down 15%. So is there any other options to consider that won't completely drain my bank account?

A little info on the property...  It's in a suburb of Houston, TX.  Purchase price would be 120k. It's currently renting out for 1420.

Any advice is much appreciated!

Loading replies...