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Updated about 6 years ago on . Most recent reply

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Tony M Batiste
  • Rental Property Investor
  • San Diego, CA
7
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12
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Creditable private mortgage lenders?

Tony M Batiste
  • Rental Property Investor
  • San Diego, CA
Posted

Trying to figure out how I’m going to fund my first rental property. Are private mortgage lenders a good route for first time investors?

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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
2,759
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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied
Originally posted by @Tony M Batiste:

Trying to figure out how I’m going to fund my first rental property. Are private mortgage lenders a good route for first time investors?

If you're a first time investor, you should be house hacking.  Find a property that has multiple units, live in one and rent the other.  It's the best way to get started.  The money is cheap and the down payment is low compared to any other way to invest.

  • Stephanie P.
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