Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

11
Posts
4
Votes
Jarred Marrow
4
Votes |
11
Posts

Investors, Agents- looking to purchase first property

Jarred Marrow
Posted

Hello all, I am currently interested in finally pulling the trigger and getting into my first property towards my RE portfolio. There are a few questions I have as my income isn't high and I know it might be hard to get a loan for a house but I do have enough capital raised for a down payment (15k). The main purpose of getting a property is that I want to use it as an investment property where I could have tenants or maybe even air bnb something that would bring me cash flow, I was wondering if anyone has any advice on loans or agents or maybe even any ideas/strategies that would be good insight on helping me beginning my journey. Also feel free to contact me as I am looking for like minded individuals that may be able to bring value to each other.

Most Popular Reply

User Stats

8,270
Posts
6,539
Votes
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,539
Votes |
8,270
Posts
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Jarred Marrow have you spoken with a loan officer already?  I'm asking this because how do you know your income isn't high?  Also, how do you know that $15k is enough?  Who is telling you these things specifically?  

  • Andrew Postell
  • Loading replies...