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Updated about 6 years ago on . Most recent reply

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Anthony Luciano
  • Long Island, NY
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Potential first rental question -- no money down

Anthony Luciano
  • Long Island, NY
Posted

First post on a potential first rental property, and having no money to do so. 

My grandmother passed away and now my father and his siblings own the house. They are looking to sell it and walk away, and I see an opportunity to purchase, rehab and rent. Since I am new I feel that the value having it be in the family is a good way into the rental game as if I get the money for the deal the house is mine. My question is how would I go about funding the project being cash deprived and unable to get a mortgage having just recently purchased my current home. Any help would be good thanks!

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