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Updated about 4 years ago,

User Stats

18
Posts
3
Votes
Mike Harris
  • New to Real Estate
  • Galloway, NJ
3
Votes |
18
Posts

How to find funding for my first rental property

Mike Harris
  • New to Real Estate
  • Galloway, NJ
Posted

I am in the process of comparing turnkey single family homes in hopes to purchase one as my first rental. From all of my research I'm finding that loans like usda and fha do not allow investment properties. Conventional loans that do allow investments want 20% down. Is there a solution to this I am just not seeing? Is there a loan maybe I havent come across that requires a lower down payment and allows investment properties? For the ones I am finding I can afford a 10% down payment. If anyone has any insight on this it would be greatly appreciated. Thank you.

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