Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
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 about 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!!

Loading replies...