All Forum Posts by: Danny Spinucci

This may be a silly question & I might not get the answer I'm looking for but I'm going to ask it anyway! So I hear on a lot of podcast episodes talk about how there are creative ways to fund a deal with little to no money down (The only ways I know of are: FHA or VA loans, which if I'm not a veteran nor looking to live in the residence to get 3.5% then I don't qualify for either of these loans). In talking with some lenders I'm told it requires minimum of 25% down payment for an income property that is not your primary residence. What are some creative ways to get cash for the 25% minimum down payment? I'm already saving as much money as I can, but in the market I'm looking in 25% equates to $100k which I'm many years away from saving that amount of cash.

Newby here looking to buy my first investment property. I'm interested in purchasing a small multi-family to build up my cash-flow. I am looking to invest out-of-state (New Hampshire) and hire a property management company to help with the basics: marketing vacancy, tenant communications, lease agreements, maintenance etc. For anyone whose seen success with this approach, what liabilities or risks have you seen as the property owner where the PM company could not help with? I have only heard from close friends & family how terrible tenants are - I assume a PM company will resolve most conflicts, but understand that some issues may arise that needs to be handled by the owner, any examples?