Rental Property Investor · Russellville, AR · Member since 2014 · 684 posts · 509 votes
3y
Look into the low down payment options such as FHA and USDA (maybe VA if you are a veteran). I would personally utilize one of those programs to buy a small multifamily and house hack. That's one of the best starter strategies, particularly with limited liquidity.
You can partner with someone who does not have good credit and whereby you could be a credit partner. Many people have partnered with experienced investors who either don’t have good credit or they are maxed out on loans. This is a good way to learn as you go.
Lender · Boston, MA · Member since 2018 · 171 posts · 137 votes
3y
@LaMancha Sims do you have personal income? If so, I'd look to qualify for an FHA/conventional loan. You can explore low down payment options (3% down for a single family if you are a first time buyer, or FHA 3.5% down regardless of FTHB status). There are also many down payment assistance programs available as well.
