Hey my name is Karsen and I’m 22, I recently moved to Homestead Florida. I’ve been think of using rental properties as a form of income for a while now and I’m very blessed to have moved to a growing market due to the rebuild of hurricane Andrew. I have a nice job as an up and coming biotech and I have been saving money and I have plus 720 credit. My plan is to save 200 a week for the time being until I can get a 20% down payment get a 3+ bedroom live in it rent the two extra out and obtain as much cash flow as possible so I would be able to get another property and so and so on. I’ve researched a lot on first time home owner loans and I’m very confused. I’d like to have an idea of how much I would be able to obtain as it would help me plan for the future can anyone help me plz :).
