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Updated 11 months ago on . Most recent reply

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Timothy Yang
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New young investor looking to buy first rental property

Timothy Yang
Posted

I just recently graduated and am looking to start investing in real estate. I have almost no capital to start, but have a steady income from my day job. I have been researching on how to start the process of investing and I've talked to a few people who are more knowledgeable than me in real estate. From what I have learned from both the internet and colleagues is that the finances are the hardest part of getting started. So how should someone like me with almost no capital and no networks finance a rental property without help from a real estate investor. I know there are a couple loans/programs like an FHA loan that are available to starters like me, but are there more options?

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852
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Bradley Buxton
  • Real Estate Agent
  • Nevada
577
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852
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Bradley Buxton
  • Real Estate Agent
  • Nevada
Replied

@Timothy Yang

House hacking is a great way to get started. You will still need some capital.  If you can take on another job or work more hours to build up some savings you can get a primary residence with little to no down payment if you can find the programs in your area. 

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