How to Finance for First Property Investment

[Eric Jiwanmall]

I reached out to a mortgage company, and spoke with a consultant.

He said my best bet would be to apply for a FHA or 203k. I don't want to take out a FHA or 203k loan.

Also, they want a 15-25% down. If I want to buy a rental property for $50-70k, that’s $12k-$17k.

I don’t have that amount of money.

Any advice on how I can finance my first deal?

Thank you!

-Eric