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Updated almost 6 years ago on . Most recent reply

Ryan Mitchell's profile image
Ryan Mitchell's profile image
Ryan Mitchell
  • Contractor
  • from Wellington, Ohio
  • Member since Jan 9, 2017
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Ryan Mitchell's profile image
Ryan Mitchell's profile image
Ryan Mitchell
  • Contractor
  • from Wellington, Ohio
  • Member since Jan 9, 2017
Connect
Ryan Mitchell
  • Contractor
  • Wellington, OH
2
Votes |
15
Posts
Multi-Family and Apartment Investing

Getting started with 12k

Ryan Mitchell
  • Contractor
  • Wellington, OH
Posted

I have been on NO for a year now. I have 12k saved and want to get in on rentals. The banks wants 20% of LTV what leaves me little to no money for any repairs. I am a contractor. Looking for help I do not want to fail before I get started.

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Benjamin Seibert's profile image
Benjamin Seibert's profile image
Benjamin Seibert
  • Investor
  • from Frederick, MD
  • Member since Jun 19, 2016
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Benjamin Seibert's profile image
Benjamin Seibert's profile image
Benjamin Seibert
  • Investor
  • from Frederick, MD
  • Member since Jun 19, 2016
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Benjamin Seibert
  • Investor
  • Frederick, MD
193
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352
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Benjamin Seibert
  • Investor
  • Frederick, MD
Replied

Hey @Ryan Mitchell I recommend on reading @Brandon Turner's book on investing with no and low money down. It can help with the type of situation you're in. Quick tips would be to find a partner to lend or JV (joint venture) the deal with you. Best of luck!

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