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Updated about 5 years ago on . Most recent reply
Save up money to buy properties now what ?
I’m new to investing and just trying to gets some guidance . I got a 670 credit score and about 20k saved up . My idea is to get a fha loan on a duplex or triplex and live in it for about year or two. Now that I have my money saved up , i don’t know what to do from here . Should I go to a loan officer and get to know what I’m approved for before I start looking at properties or should I go to realtor first and find a property . Any help would be great thanks .
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#2 General Landlording & Rental Properties Contributor
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#2 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Ithaca, NY
Originally posted by @Randy Velazquez:
I’m new to investing and just trying to gets some guidance . I got a 670 credit score and about 20k saved up . My idea is to get a fha loan on a duplex or triplex and live in it for about year or two. Now that I have my money saved up , i don’t know what to do from here . Should I go to a loan officer and get to know what I’m approved for before I start looking at properties or should I go to realtor first and find a property . Any help would be great thanks .
Talk to a loan officer first. See how much your approved for then start looking for houses. Hope this helps.