Financing a Single Family Rental

[Matt D'Arco]

Hi all,

I am starting a new job on Monday after getting my degree. My goal is to attain my first investment property in one year from the day I start working. I was looking into house hacking as I can get an FHA loan on a multi family. I know this is a good strategy for newbies to get started in real estate.

My question is is there a similar type of program or creative financing method I can use on a SFR? I want to acquire mainly single family homes (at least for the first few years) but financing with a standard mortgage will be difficult to achieve in a year. I wouldn't be living in the unit, I'd be renting it straight away. I don't want to tell myself I can't afford it, I want to find a way to make this happen in a year. Thanks in advanced for taking the time to read and respond to this post, I appreciate it!

Matt