All Forum Posts by: Christian Morrison

Just saw that @Dustin Cook, thank you!

Yikes, thanks guys. So around what percentage can I expect for a down payment on a mortgage loan?

So I want to start making offers on some houses around town for rent investment properties. I'm not too brushed up on how mortgage loans work. I've heard of this mystical 3.5% rule tossed around, and was wondering what the deal with that is? So I can get a loan for mortgage (for buying a rental investment property) for 3.5%?

Thanks in advance!

So a lot of the posts, and books that I've read seem to assume and make it out as if tenants (and buyers later on down the road when you are ready to sell) are easy to come by. I don't have any experience in real estate investing thus far, but am actively looking to find some. This has just been a burning question in my brain since the beginning of Rich Dad, Poor Dad. I remember when I was a kid, my dad was always complaining about not being able to find someone to rent out our second home we owned in Colorado. So what's the catch? Are tenants harder to come by than it's made out to be, or is there some critical information I'm missing?

Thanks in advance!

Hey everyone! 

So I'm a first time investor, looking to start as soon as possible, I want to do something to get moving but don't have a lot of money to do so, so for the time being I've just been educating myself on real estate and finance in general. I haven't been able to find a lot of information on foreclosure investing unfortunately. I found some really low prices on foreclosures here in California with what seems like potential. Naturally, the voice in the back of my head tells me these deals are too good to be true. So what's the catch with low cost foreclosures?

Also, as a side note, can anyone provide me with some details on how you go about financing or getting a mortgage on a foreclosure that strictly says cash on site (as most seem to).

Thanks in advance!