The HPAP loan is: The HPAP program is a 0% second trust loan that is deferred and is NOT a grant.

Join one of the large brokerages that will offer you a lot of training, mentoring, networking, etc.  

Low income is not a bad thing IMO as there are state aid programs that could "guarantee" your rent payments, i.e.

The trick is making sure to "train" your tenants.

The community offers a financing program, however the interest rate is super high.

The smart combination of buying at a discount, adding value, and then using leverage once the asset is performing to pull equity and launch the next project is just a very good formula when executed well.Be sure to start by reaching out to non-recourse lenders to learn about their programs. 

I was able to get $20k in down payment/closing cost assistance through a program called Neighborhood WORKS, they held a 2 day event back in May 2019 that awarded $20K to 300 families on a first come first serve basis.

I was able to get $20k in down payment/closing cost assistance through a program called Neighborhood WORKS, they held a 2 day event back in May 2019 that awarded $20K to 300 families on a first come first serve basis.

Bottom line: the people that have been taking advantage of these programs will be hurt the most as landlords will not rent to them in the future.Full disclosure: during this whole eviction moratorium, we only had one person that we "evicted" due to non-payment. 

From my perspective, those who are successful starting out in this arena do well not because they planned the process via asking BP members how to do it or paying some unknown commodity crazy $ for training, or even investing in software before a deal is done -- heavens NO -- but because they actually had the balls to CLOSE a single (good?