First time investor with Analysis Paralysis

[Jose Torres]

Hello all,

Looking for advice on what loan options i should consider for my first real estate property. I'm looking for a Single family home to hold and rent, no more than $130k. I have the following to offer a bank:

• $130k home that is paid off
• $25k cash
• Military Veteran
• $130k Gross household income w/ Income to Debt 1.5%
• $50k can borrow from Retirement
• 834 credit score

I'm really not interested(can be convinced) in moving and renting my place out or a HELOC but i'm just curious what an experienced investor would recommend a newbie with the current setup. Thank you in advance.

[Ibn Abney]

@Jose Torres With this amount of cash, equity, and credit score you can get any type of loan product from any bank. You can even skip the bank loan and be the bank with that much equity and cash. 

If i was you, I would skip the SFH and move straight into apartments or at least 5-12 unit properties. or partner with other folks and go after a larger complex.

my 2 cents... good luck