All Forum Posts by: Jamia Stevens

@John Teachout how do I make sure I’m not paying interest on consumer credit?

Thanks @Andrew B and @Tony Lin. That makes a lot of sense. So should i just put my investing goals on hold until i can save up that type of money? Do some loans cover downpayment and/or repairs? Is is possible to get the money from a lender if i don't have it all saved up? Basically I guess my question is are there other ways to raise the money for the down payment and repairs if i don't have the money saved up?

I’m just starting out and I was trying to get a preapproval letter so that I could know what price range to start looking in. I was told that I should save up $10,000 before I even consider getting a preapproval letter but that would take me years. I would love to buy my first property by May but how do I come up with that kind of money? Should I try to look for a partner that would contribute the capital or what do I do? It was discouraging to hear that so any and ALL advice would be great!!!!

Thank you @Charles Carillo! I will definitely look into an FHA loan. Are there loans that cover repairs also?

Hey guys I am just starting out and looking to see what type of loan would be best for a 2-4 multifamily unit that I would like to house hack? I would also like referrals and recommendations on how/where to get a pre-approval letter from so that I can start looking for homes.