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Updated over 4 years ago on . Most recent reply

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Jeremiah Purifoy
  • Developer
  • Dunlap, IL
0
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First time investment

Jeremiah Purifoy
  • Developer
  • Dunlap, IL
Posted

Hello šŸ˜ƒ

I am looking to start investing into real estate, this will be my first investment. I am wondering could I get a no deposit down loan on my first investment. The house is 20k and already occupied the tenant has been there for 2 years and has paid on time. The monthly rent that they are paying is 750 a month and utilities included.

But Iā€™m wondering what options would I have with a no deposit loan for the property, if that is even possible?

Please and thank you a lot!!!!!!

Most Popular Reply

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824
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Joe P.
  • Philadelphia, PA
1,099
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Joe P.
  • Philadelphia, PA
Replied
Originally posted by @Jeremiah Purifoy:

Hello šŸ˜ƒ

I am looking to start investing into real estate, this will be my first investment. I am wondering could I get a no deposit down loan on my first investment. The house is 20k and already occupied the tenant has been there for 2 years and has paid on time. The monthly rent that they are paying is 750 a month and utilities included.

But Iā€™m wondering what options would I have with a no deposit loan for the property, if that is even possible?

Please and thank you a lot!!!!!!

Why do you want a 20k property? Realistically...how much of a slice of hot garbage is this thing?

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