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Updated about 5 years ago on . Most recent reply
Looking to out of state inv from the Seattle Area
Evening and happy snow day Seattle,
I've completely caught the bug with real estate investing. I've been plowing through the bigger pockets books, listening to every podcast and I spend my nights going through every new house on the market that I can find.
I'm interested in purchasing a multi family in Detroit and I've picked one out that i'm interested in, but I'm not really sure where to go from here.
I have:
13k in savings
10K in credit lines
12K in a family member "line of credit"
660-700 credit score depending on where I'm at with my credit card
This might be a silly question but do people just post a link to potential deal on here hoping to get some advice?
Thanks!
Most Popular Reply
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- Real Estate Agent
- 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
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Do you own your primary residence @Account Closed? $45k goes a heck-of-a-lot farther with a 3 - 5% down owner occupant loan than it does with a 20-25% down investment loan. If you don’t own your primary residence have you considered house hacking locally?
- Michael Haas
- [email protected]
- (408) 439-7873
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