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Updated 5 months ago, 07/12/2024

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24
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Seeking more extensive advice on securing my first investment property

Posted

My name is Richard Pennington I am in the Raleigh North Carolina area seeking any advice on using an FHA loan or conventional loan for my first investment property. My best rule of thumb is to have 20k for every 100,000 on the property I am soon to acquire. I would want to keep extra for reserves along with contingencies, plus if anyone in the area has stored away the 10,000 for a cost segregation details on that would be helpful too.

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