Updated about 12 years ago on . Most recent reply
Financing my first rental property
Hello,
I am a new member at bigger pockets but I have been reading for some time. I am currently in college and have taken an interest in real estate. Most notably income producing rental properties. I live in a condo building where there are units selling for as low as $75k. I have been working with the realtor in my building and a unit is currently for sale that has a tenant signed on for another year at $900 a month. I am eager to get involved in real estate early and I have been exploring options for financing this property. I do have a good job while in school and have numerous job offers for when I graduate in May. What are my options for financing this property? I would assume it would be tough to get a traditional mortgage.
Help!