First Investment Property
Hi Everyone - I am a recent college graduate working in finance. Great first job, but it's boring and I'm living paycheck to paycheck. I've been reading a lot on personal finance and everything has pointed me towards real estate investing.
I'd like to start out by purchasing a single-family residence and renting it out to tenants. I have ~ $30K with no debt and an investing partner my age with about the same amount of cash on hand and no debt (both of us have excellent credit).
With that being said, we're wondering what you guys think the best way to structure our first purchase would be (i.e. LOC, HELOC, etc.). Even after all the research, we're still unsure of the best ways to finance our first property.
Thank you guys so much - these forums are incredibly helpful!
Kyle