Complete Beginner in Real Estate Investing
Hello there dear investors, real estate professionals. Let me ask a completely silly question. I am a 33 year old man. I only have about $5,000 saved. I do have a decent credit score of 740. Not a great score but not bad. Is there a chance for someone in my situation to start investing rental properties?
I don't know where to start, I don't know if I qualify for getting a loan, or what kind of loan I should get?
My goal is to buy and rent out and accumulate properties over time.
I am not trying to ask for a Mentor but if you know someone in Colorado, I would be glad to speak with them. Also, please note, I am just trying to ask for some words of wisdom. So, any advice would be highly appreciated.
Most Popular Reply
@Ramin Kamal Hey Ramin - your best bet would be to chat with a lender to see if they have any loans that fit your need. There's always a chance for someone in your situation to start investing, and sometimes you just need to be more creative to Mae it happen. Have you thought about what kind of strategies you'd want to do? Have you considered house hacking?