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Updated over 6 years ago on . Most recent reply

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18
Posts
3
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Nicholas Mullens
  • WI (wisconsin)
3
Votes |
18
Posts

Buying my first deal!

Nicholas Mullens
  • WI (wisconsin)
Posted
Hey everybody I’m new to REI and am planning to purchase my first deal in the next 6-8 monthes I plan on purchasing a duplex in my area of southeast Wisconsin. I currently have a 1 year lease on an apartment and was wondering what a good loan would be that wouldn’t require me to live on the property for the first year. Thank you in advance for any help!

Most Popular Reply

User Stats

326
Posts
154
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Justin Brown
  • Real Estate Agent
  • Allentown, PA
154
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326
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Justin Brown
  • Real Estate Agent
  • Allentown, PA
Replied

Great work @Nicholas Mullens! Best bet would be conventional with maybe as low as 15-20% down. You could look at some kind of property with some BRRRR opportunity where you could finance out your initial 15-20% cash.

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