New Detroit Investor Seeking Advice

[Daja Hallums]

Hello everyone! I'm Daja from Detroit, and I'm new to real estate investing. I'm eager to learn the best strategies for funding my first investment property, focusing on single-family and multi-family homes. I'm also curious about whether I should start an LLC from the beginning. Looking forward to your insights and tips as I embark on this exciting journey!

[Drew Sygit]

@Daja Hallums typically, investors have three choices:

1) Buy a 2-4 unit primary with 3.5% down on FHA mortgage. Rent out the other units - even rent out other bedrooms in your unit.

2) If you have 20% down, you can do a rental or DSR mortgage on a 1-4 unit property.

3) If you have no money, you can try to:
---Wholesale
---Ask family & friends to investo with you for the 20-25% down needed for a DSR loan.