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Updated over 2 years ago,

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23
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9
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Financing for first rental property

Posted

Hello BP Family,

I’m new to real estate investing and have been binge watching BP YouTube videos this last week. I’m interested in multi family properties and want to land my first property this year. So, I’d love to meet some local BP family in the area if there’s a meetup or other networking opportunities.

I’ve been doing research to develop my CCC and would love to stack properties over the course of the next 5yrs. However, before putting the cart before the horse what would be the best financing options? 

My wife owns the house that we live in, as she purchased before we met. With said that could I do an FHA if I'm not on the mortgage/ loan? Or should we pull some equity out of current house to put for a down payment?

Thank you in advance!
Darryl

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