All Forum Posts by: Gary Kuang

Thank you everyone for your responses, I'll definitely check these options out as part of my research. 

Hello Everyone,

I'm currently looking to buy rental property up in Buffalo.  Currently, the houses I've been looking at are $50,000 or less.  I have enough money for the down payment, but I have heard that a lot of the bigger banks don't offer mortgage loans for anything below $50,000.  I am planning to start my search soon, but was wondering what are my other options if I am unable to get a loan from these financial institutions.

Thank you in advance for all of your help!

 Thanks for your reply Simon, i think my only options right now is to begin wholesaling, start investing in buffalo, or save more. I am leaning towards wholesaling just so I can learn more about real estate. Do you have any experience with wholesaling? I am currently just reading whatever they have on this site about it and will start direct mailing in a week or so. 

 Thanks everyone for their suggestions. It seems like a few people is suggesting i start with wholesaling. Usually how much is required to start wholesaling and how do I start? thanks!

 Thanks Ryan for the reply. What do you mean by househack?

 Thanks for the reply. I was thinking renting out to just get some cash flow going. I went to school in Buffalo, I lived there for about 5 years so I know the area around the school really well. I don't know much about wholesaling, any blog posts on that topic you would recommend I read? 

Thanks! I live in NYC so I am not sure if this would be possible. I was planning to invest in upstate new york, where I went to college. If i do decide to go the FHA loan route, do I have to personally live in the house for a year?

HI guys, I just graduated college about a year and a half ago and I spent the last year or so paying off my students loans.I finally got it all paid off and I am starting to save some money. I have about 5-10K to use at the moment and would like to get started in real estate investing. I know its not a ton of money, so i am just looking for some opinions on the best way I can spend this money starting out or should I wait until I have more of a budget before getting into investing? Thanks in advance!