She'd probably be able to put you on the line as a co-borrower.I've done this personally and it's been great for me and my situation!

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

It works I agree - the key is finding the right person to do it.

Networking is the key to growth...I am always down for coffee if you want to connect in person. 

If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

Questions they will have is who is the owner, what experience do they have, is their key person insurance against them etc. 

Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

I am still personally buying rentals but I am not expecting much in the way of cash flow at the moment.

Personally, I've felt the investment has been poorly run in almost every possible way.

If your tenant starts a kitchen fire and the insurance provider finds out it was a rental, they will deny your claim.Landlord insurance still covers the property, but won't cover your personal belongings since you live elsewhere.