Trying to acquire a house for rental purposes, long term strategy is to rapidly build a rental porfolioPurhcase Price is about $55,000 two financing options available:1. 90% loan which will be at %7.25 interest and tie up $5500 down payment..will also cost and additional $468 in private mortgage insurance(PMI).2. 80% loan, @ %7 interest, will tie up $11,000 down payment, but will save the PMI ($468 a year) and a %0.25 in interest and ofcourse financing less which will lead lesser payments and lower interest paid.. the total savings of interest saved, PMI, and cost of barrowed less funds will come out to about $90 a month which is about $1080 a year savings over finance plan #1..which way is better to go?

Well I live in Anchorage which is the biggest city up here, about 280,000 people and growing.

New development is rapidly approaching from Downtown, while other nearby neighborhoods with similar 1920-1930 homes are being lovingly restored.

Hence you can grow your IRA funds if you invest in profitable deals.There are some specific rules about the RE transactions you can engage in.

I expect your company and your personal details support the lower amount so the banks are willing to sign up.Build a track record with the lower amounts. 1 to 2 years later you can grow the lines if you can show a good case.John Corey

I'm much better at the marketing side of things, so I'm going to keep the best properties (especially ones with owner financing/good terms) and try to use smart marketing to generate good deals I can pass along to the ever growing number of investors in our area.I'm very impressed with this forum.

You can all help us continue to grow even more, by telling your friends, colleagues, and family about us!

:welcome: to BP.Switching the properties to a company and using commercial financing could be a good strategy as you grow.

i never would have thought i would have a knack for numbers when i was growing up but it turned out that was the right thing for me.After doing motorcycle finance for a while they offered me a promotion to sales manager and i decided at that point that i wanted to stay in finance.

I hope to grow into bigger properties, multi-units, but for the forseeable future it will be SFRs.