All Forum Posts by: Ryan Corcoran

Hi guys, 

I am exploring ideas on how to obtain a rental property using as low % down as I can without going through a bank? 

Has anyone done this? had success? I would love advice. 

Thanks! 

Hi BP,

I am a recent college graduate and I am looking to purchase my first investment property. I have this current year off from school and began Physician Assistant school Jan 2018. I am working this year and I was wondering if anyone had any advice on financing a first property? I have been researching different types of loans, such as 203k rehab loan. If I were to use this loan and fix a place up and "live" in one unit but actually rent it out, does anyone know the laws regarding this? So basically renting out all the units, even though it would be my primary residence?

Does anyone else have any advice on how to obtain a first property using other methods? I will be living at my parents home for the two years I am in PA school and would like to have an investment property while in school.

Thanks guys,

Ryan

Hi guys, 

I just graduated from undergraduate with a B.S. and I was accepted to PA school for jan 2018. I have a  year off to work. Over the past 6 to 7 months I have been reading and diving into as much real estate investing blogs, forums, and books as I can. I would love to get started investing in real estate this year before I begin school. As most young graduates. I do not have much money to begin investing with. I am from the central mass area and am interested in multi-family/single family homes. I have debated house hacking and moving into a multi family and renting out other units. However, getting a loan is a very slim option for me, because I am not currently employed in a very high paying job. Ideally I would like to invest in a home without directly moving into that home. I have debated hard money/private money lenders, however I am not sure if this is the best route for me. I am looking into the Worcester, MA area. 

Does anybody have any advice for me? I am open to an ideas or suggestions. Many people have suggested that I wait until I am done school and have a decent paying job to begin, however I am still trying to find a way to begin this year. 

Thanks guys!