All Forum Posts by: Account Closed

@Account Closed welcome 

read,ask lots of questions and take action 

maybe do some marketing directly to sellers trying to find someone that would owner finance you a house

please look at buying Brandon Turners book 

you are on the best site around for all the help you need

This depends on a few issues, typically lenders want 20-25% down on an investment property loan. Number one thing is going to be your credit if you want to get a loan through the bank. If your credit is weak maybe see if your parents would be willing to co-sign or help with the deal. If you are looking to buy a duples for 100k you're probably going to be expected to put 20k into the deal to get financed. Ive done it before by making the sellers agreement look good for the bank and bought a 295k 6 unit apt building and put no money out of my pocket at all. I dont suggest doing this on your first deal but things can happen if you make it look good. Good luck on your venture and smart move by wanting to invest at what appears to be a young age!!!

This may be dependent on how you expect to finance your first deal (all cash purchase or financing through a mortgage). If you are looking into applying for a mortgage for your first property, I would suggest you speak with mortgage consultant  of your choice to understand where you credit/down payment  needs to be and get information into the different mortgage programs.