Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago on . Most recent reply
Unemployed with $10,000 cash. Can I make something happen?
Unemployed with $10,000 cash. Can I make something happen?
I'm out searching for jobs with my degree in Drafting & Design at the moment, so I don't plan on staying unemployed. I need a job to build my credit, so that I can get approved for a loan in the future.
In the mean time, I'm looking to owner finance a home with my 10K as a down payment, but do not know how much my fees are going to cost me. Also how fast could I possibly get a tenant into the home to take care of the mortage from the owner financing it to me?
Should I wait to get a job with an income?
Most Popular Reply
James Wise
#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 19,764
- Votes |
- 28,784
- Posts
James Wise#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Welcome to the site.
I would recommend waiting until your employed to buy a rental property.