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Updated over 6 years ago on . Most recent reply

User Stats

78
Posts
60
Votes
Christopher Lane
  • Rental Property Investor
  • Oceanside, CA
60
Votes |
78
Posts

How to get first time investment financing!

Christopher Lane
  • Rental Property Investor
  • Oceanside, CA
Posted

Hey Team, Looking to find the "how-to" on getting lending for my first investment deal.  About me:  I'm 5'10" Scorpio who likes long walks on the beach and books about Europe. (lol) I currently have a condo that has a bit of equity in it (~50k) and want to use it smartly.  I have no idea about buying an investment property but I know it's the right answer. I know how to make a relatively educated assessment of a property and whether or not it will be profitable or not.  I also have about 10k in a retirement account that I'm willing to drain for this.

I have no idea how to use hard money, or if I would even want to.

I have no idea how down payments work on investment properties or if there are any other debt services that offer anything else than a 75% LTV amount.

Looking for someone to engage in a discussion with me and help me learn the ropes.

Thanks!!

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