Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
First-Time Home Buyer
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 over 3 years ago,

User Stats

1
Posts
0
Votes

Loan Variables and Investing

Posted

Hey Bigger Pocketeers! Aspiring real estate investor here hoping to have a couple questions answered. I'm in my early 20's with a fairly good credit score looking to buy a duplex that's about 150k! Only problem is I have 0 aspiration to go to college and can't find any better paying jobs near me unless its warehouse work(not preferable whatsoever). Anyways my question is I always hear people talk about low/no money down loans or often hear the term "bought this with no cash out of pocket" how would one go about utilizing this process? I have a bit saved up but it seems so intimidating looking at the down payment and closing costs, all to have a property that still might need 20k on rehab. I can only put so much money away and to have a 20% down payment with left over cash for rehab and everything else buying a property would entail, I feel like it would take me 5-7 years just to get started and that is not ideal.

Loading replies...