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Updated almost 5 years ago on . Most recent reply

User Stats

18
Posts
4
Votes
Sieanna Ariel
  • Rental Property Investor
  • Chicago, IL
4
Votes |
18
Posts

What is the financing and investing options? experienced users?

Sieanna Ariel
  • Rental Property Investor
  • Chicago, IL
Posted

I feel stuck due to the uncertainty of knowing how to get started with little to no money. My partner and I wanted to go the FHA method, but we wanted to understand what are the estimated amounts (min-max) you are given to work with? Does credit score matter (650-700) or should it be improved before starting?

Most Popular Reply

User Stats

47
Posts
19
Votes
Zach Rucker
  • Rental Property Investor
  • Logan, UT
19
Votes |
47
Posts
Zach Rucker
  • Rental Property Investor
  • Logan, UT
Replied

@Sieanna Ariel

With FHA you can go as low as 3.5% down. But yes your credit will affect the interest rate. I would run scenarios on how much the mortgage payment would be and what cash flow would look like.

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