How to fund your first deal?

[Bruce Hatton Jr.]

Hey everyone,

So this is a quick and easy question with an difficult answer or maybe a easy answer from those with experience. With little to no experience in the real estate market my biggest question by far is, How do you fund deals when your just starting off? I would  like to hear some advice from those who have started from scratch to create a good funding network from lenders. Lets hear it BP!! :)

[Ryan Swan]

@Bruce Hatton Jr. The easiest way to get started is to use an FHA loan to purchase a a 2-4 unit property. You'll only need 3.5% down, and live in one of the units for 1 year as your primary residence. After the year is up you can move out and rent the entire income property without needing to refinance or do anything else to the loan.