The key is to get the full picture before you close.

I aim to apply for FHA loan with a down payment of around 5%My Information:Age: 29MSalary: Around $85k (Anticipated increase to around $100k in December 2024)Debt: No DebtVehicle: Not currently owned (plan to purchase after home closing)Savings: $50,000I currently live in Northern Virginia and am ready to buy a townhouse there as a first-time homebuyer.

Focus on turning it around and getting it rented as quickly as possible to minimize losses.2.

As you have really good credit, you would be getting close to floor rates (mid 6s).

However, I can certainly just use him as the GC if that is the only way to get the loan. 

We offer free consultations to get you in the best position to start your investing. 

Hi all, just getting started on bigger pockets.

There are also deals that accept non-accredited investors, but they are harder to find.If you can bring in capital from others, you could potentially get onto the General Partner side of the deal which will provide you great learning.

A good question to ask yourself is; why don't they just get a loan from a more traditional lender?

Super hungry and eager to get my hands on work to earn and learn as soon as I can.