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Updated almost 3 years ago,
First investment property! Looking for recommendations!
Hey everyone,
I’m looking to get my first investment property and am curious about where to start.
1. Would you recommend a single home or a multi-family?
2. What kind of mortgage would you recommend for down payment?
- I've read about FHA, using HELOC, programs for using a smaller percentage down (10-15%) or should I just save up to put the full 20% down cash?
I’m looking for guidance based on other peoples’ experiences and what’s worked best for them to grow short term and long term cash flow.
Also, if there are any sites or books that people can recommend, I love learning and reading up as well but looking where to start!
Thank you for any help!! It’s really appreciated!!!