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Updated over 9 years ago on . Most recent reply

User Stats

4
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1
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David Molnar
  • Sarasota, FL
1
Votes |
4
Posts

Question about Getting Loan for $50K

David Molnar
  • Sarasota, FL
Posted

I am self employed and plan on moving my source of income "computer support" business to Florida and trying to figure out how I can get qualified for a loan so I don't have to pay all cash. My original plan was to buy a cheap condo and pay all cash but I prefer to utilize my options by putting down as little as possible so if the business needs more cash to start back up, I have it available. Any suggestions? 

Most Popular Reply

User Stats

307
Posts
127
Votes
Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
127
Votes |
307
Posts
Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
Replied

House Hack! Find a duplex, triplex, or quad in the price range you want, in the area you want, live in one, and rent the others out. I saw in a different post you listed Central Sarasota Pkwy/Palmer Ranch as an area you like. Check out the Vamo area, I personally own a duplex I picked up for $140k four streets above Central Sarasota. The units are very easy to rent because of the location. Just fix it up, sit back, and let the tenants come to you. 

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