Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago on . Most recent reply

User Stats

73
Posts
8
Votes
Jeremy M.
  • Missouri
8
Votes |
73
Posts

Financing question, which should i choose?

Jeremy M.
  • Missouri
Posted

This is just a general question i dnt have a specific house im looking out....I just graduated from college, have been studing this for a while, dnt have a good income have 700+ credit score all three, no debit but a student loan..just some info.
Plan: Buy a house getting a loan, then turn around and rent the house to make a small profit every month.
Question: What type of financing is the best for this situation? 10,15,30 fixed loan?or FHA, dnt no what that really is but ive read about it. Or is there a better option?
My idea is to get a 30 year fixed so that i have to pay only a low monthly payment every month to the bank. But then rent it for a good amount to make that cashflow. Good idea or is there a better way of doing this?

Loading replies...