Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on .

User Stats

29
Posts
4
Votes
Phil Beck
  • New to Real Estate
  • Sigourney IA
4
Votes |
29
Posts

Rental Properties: 10% or more

Phil Beck
  • New to Real Estate
  • Sigourney IA
Posted

I keep seeing seminars coming to my town talking about how to get into real estate and make money off of it. Even a free seminar from Robert Kiyosaki team is coming in March 2nd. I know free seminars is just a pitch for their paid ones and get person interested in paying. I  go to these things to gain a little bit of information if any, but I see no reason to go to the paid ones since I can get the information I need via online like Bigger Pockets. 

One thing I don't do is socialize, not very good at it. That is why I just want to invest into rental property (not much conversation). One thing I have been keeping my eye out for is information of how to invest into rental properties with bad credit (past mistakes). With my credit I have a very hard time getting loans if any. I figure I need 10% or more for capital just to see if I could get a loan for rental properties. So far I haven't found anything except about wholesaling and flipping houses. What strategy do I need to employ? Is 10% accurate for capital? 

When I get rental properties it will help me grow my library and I can study more and more on whatever I feel like learning about while listening to string instruments. I like to study historical theology.