All Forum Posts by: Evina Nonato

I am taking my first step into buying my first property and I am planning on buying a duplex - the cost is $135,000 and I currently have $30,000 saved as a down payment. I am pre-approved for a conventional loan. My question is related to renovation. If this property requires approximately $20,000 in renovation, is it better to get a conventional loan and put $30,000 down and then take out a renovation loan? Or, is it better to try to get an FHA loan and pay 3% down and then use my own money for renovation? What are the monetary options for being able to renovate a property?

Thank you!

Hi,

I am trying to get my feet wet in real estate by buying my first rental property.  I'm planning on doing some house hacking and buying hopefully a duplex or triplex in the Hickory, NC area.  I have enough down payment saved and I'm currently looking for recommendations on a great real estate agent to help find properties and also maybe a trustworthy contractor in case I want to rehab.  

Thank you!