First time trying to buy a house

[Aldeshon Brooks]

I have 10,000$ saved my lease for apartment is up come August I really want to buy my first duplex but I only have a work history at my new job for 4 months I think about trying owner finance but it doesn’t seem easy to local or find them. So my general question what would you do in my situation?

[Scott P.]

Congratulations on saving $10,000!  You have achieved something that many people never achieve.

I would call credit unions and ask how to become a member. Also call banks and ask if they are a "(municipal) savings and loan" or whatever a similar entity is called in Texas.  (I was at Lackland a year ago, but I'm not familiar with San Antonio real estate or banking.  The point is: try a small bank first.  Ask them what you need in order to qualify.  See if they have any special programs.)

Don't be disappointed if they want you to have another $10,000 or a longer work history or if they seem skeptical about your ability to be a new landlord.  I've been in those situations also.  If they say you need another year to save more $, one more year will fly buy as you shop for duplexes and read Biggerpockets to learn and gain experience.  The more $ you have, the stronger your position will be.

I've been in your shoes. My first real estate purchase was a duplex in which I lived in one side. I had the mortgage paid in full in 12 or so years later, owned the property for another 12 or so years, then sold it in October of 2018.  

Good luck!