Thank you everyone for your support and care with regards to the question I asked. Mr. Stephenson, I greatly appreciate that you took the time to write back to me and to answer the question for where I would be interested in Colorado, I want to say mainly around Cherry Creek Area because I want to make this a rental property and am assuming that the rents in this wealthy area can be stretched out to its fullest potential for the first investment so that I can pay off the loan faster.
As far as house hacking, I must say just heard the phrase from Mr. Stephenson and Ms. Wang just now. So, I believe this would explain how much I know about it. :D
But I will definitely look into it and try to learn more about house hacking. Also Ms. Wang and Mr. Aleman, I appreciate the idea of speaking with a lender. I agree with both of you sir and madam and do believe that you're guys are right about me needing to speak with a lender because at the moment, I have no idea what I even qualify for. But just a quick follow up question if I may ask please:
Let's say I am trying to get a loan with my.... heh $5,000 down payment if you were in my situation, what kind of lending options would you consider? like would you consider hard money lenders for example? Also what percentage of interest would you hope for? Lastly, may I ask what kinds of questions would you ask the lender?
Sorry for the lengthy series of questions I asked. But any help on these questions would be greatly appreciated.
Thank you all for your kindness and willingness to help. I wish and hope for a very successful career for you all.