Jalen Leichman posted 7 days ago Hi all!Closing on my first rental property (duplex) next week, and I'm already thinking about the next one. I used an FHA loan to get the property, so I'll have to occupy it for the first year, but I want to know what I need to do to prepare to get the next rental property.I'm going the route of the BRRRR strategy, so I plan to do a few DIY repairs/remodeling to help increase the equity. Speaking of equity, the property appraised for $5K more than what I offered, so I'm starting off with $5K of equity to work with. I also don't want to have to save up a large down payment for the next rental property, so if anyone has any advice on low down payment opportunities, other than FHA, that would be helpful. Thanks!
Marlen Weber Specialist from Plano, TX replied 7 days ago From one to the other, this is amazing. Keep up the great work. Congratulations on closing your first rental soon. @Jalen Leichman