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Updated about 4 years ago on . Most recent reply

User Stats

81
Posts
16
Votes
Jay Mersfelder
  • Flipper/Rehabber
  • Covington, KY
16
Votes |
81
Posts

First investment property

Jay Mersfelder
  • Flipper/Rehabber
  • Covington, KY
Posted

Looking to invest but everything has been mind boggling could use some advice on best routes of getting started buying.I have 40,000 to get started and have decent credit.i thought about doing 25% down then thought it would be wiser to try FHA and move out of Primary residence. I OWE 98,000 ON MY Primary residence. Would appreciate any savvy investors advice that started in similar situation.all advice would be appreciated.

Most Popular Reply

User Stats

203
Posts
143
Votes
Holly Barrett
  • Real Estate Agent
  • Dawsonville, GA
143
Votes |
203
Posts
Holly Barrett
  • Real Estate Agent
  • Dawsonville, GA
Replied

If you can find duplex that you can buy with fha to house hack or single family with in law store to rent out that’s what I would do. Just put the 3% down, take the rest of us equity and savings and buy another rental as well!

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