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All Forum Posts by: Karl-Marx Delphonse

Karl-Marx Delphonse has started 1 posts and replied 4 times.

Originally posted by @Joe Splitrock:
Originally posted by @Karl-Marx Delphonse:

Hi I'm 22 recent graduate, just started my career as an accountant, credit is in the 715-730s, no student loan. Is it possible to get 100% loan finance for an investment property, if so how do I go about it?

 For the most part no, but if you are owner occupying's the property you can get pretty close. You may be able to get 3% down payment and some cities or states even have assistance programs to help with that. 

You might find a hard money lender who will loan 100% with some steep interest rates and fees, but that is not ideal.

You graduated time at the absolute best time in history for employees. You have no college debt, so there is no reason you can't bank major cash. Control your spending and save up a down payment. You should also job hop every two years and that is the best way to propel your salary. Job hoping can get you 10-20% salary bumps. Annual raises are 2-5%. 



@Joe Splitrock currently living in CT, I do put my money stock so when the time come I can take out for down payment . I plan on housing hacking also. I'll  look into the down-payment assistance, how does that work?

Originally posted by @Jonathan Greene:

Short answer: No.

If you fell into a seller finance situation, you could wiggle something close to it, but with no experience that is a needle in a haystack. Why aren't you thinking of house hacking a multi with an FHA loan at 3.5% down?

___>> Good point

how should I go about that? @jonathan greene

Hi I'm 22 recent graduate, just started my career as an accountant, credit is in the 715-730s, no student loan. Is it possible to get 100% loan finance for an investment property, if so how do I go about it?