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Updated about 6 years ago on . Most recent reply

Do I need cash for my first deal ?
I want to by my fist home, my gold is to get a plex in this 2019, but I have not money or credit!
Most Popular Reply

The bottom line: You will need money and credit to acquire an investment property. To finance a property, you'll most likely need a 25% down payment plus closing costs. The lender will want to see that you meet your financial commitments and are a solid risks for them by assessing your credit report.
Investing by definition and practice is "the expenditure of money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture."
So what to do when you don't have either:
Start saving and apply for credit.
Start learning the business; know the market; know what it will take to purchase and manage a property. Learn landlord/tenant laws. Join a Real Estate Investment Meetup Group in your city (that doesn't sell or charge the members to belong).
Find a realtor who works with investors in your market; ask the realtor to search for "seller financing available" properties.
Seek out partners who can put up the cash and credit to acquire the property; you'll need to show what your value is to the transaction to gain any commitment as well as demonstrating how they will get their investment plus a return on that investment back.
It's early 2019...get started. Develop a plan. Learn. And, I commend you for having a big goal that can define your financial future. Rock on.