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Updated about 7 years ago on . Most recent reply

User Stats

94
Posts
19
Votes
Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
19
Votes |
94
Posts

Good deal but All my savings?

Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
Posted
Found a good deal single family home on the same street I grew up on selling for 120K problem is that if I was to put 20% down I'm literally left with just 2k to myself have ya ran into the same problem? To sacrifice all your savings into one deal seems kinda scary, but I know it will be worth it!

Most Popular Reply

User Stats

73
Posts
36
Votes
Stephen Renehan
  • Providence, RI
36
Votes |
73
Posts
Stephen Renehan
  • Providence, RI
Replied

Have you considered an FHA loan, or other facility that requires a lower down payment? Even if you need cosmetic repairs, that may cost more than $2M.

  • Stephen Renehan
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