Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
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

Updated almost 10 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Kevin Quang Nguyen
  • Investor
  • Houston , TX
3
Votes |
5
Posts

Unemployed with $10,000 cash. Can I make something happen?

Kevin Quang Nguyen
  • Investor
  • Houston , TX
Posted

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

User Stats

28,784
Posts
19,764
Votes
James Wise#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
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

@Kevin Quang Nguyen

Welcome to the site.

I would recommend waiting until your employed to buy a rental property.

Loading replies...