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5
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Patrick Mora
  • Austin, TX
3
Votes |
5
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0% usda down payment first time house buyers

Patrick Mora
  • Austin, TX
Posted
I want to buy a house with 0% down payment with a usda loan. From there I want to use that house to pull money out of the bank to invest in forclosure auctions. I make 48k a year. Can I afford to pay both? Will banks give me more credit after I own my first house. I'm also thinking of selling 2 rooms to tenants as well as 2 rooms for me and my brother so that will be some extra income Is this possible and what am I missing?

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4,876
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
2,466
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4,876
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

@Patrick Mora, if you have no equity in the property, how will you pull money out?

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