Updated over 7 years ago on . Most recent reply
IN PROCESS FOR FIRST CONDO PURCHASE!
Good evening guys,
Been few months since I’ve post in here.
After doing lot of research, reading books, and taking advice from BiggerPockets and everyone else that I can learn from. I’m ready to break the ice.
In my previous post I talk about how conservative I am to risk. And even startup a discussion about “cash buying vs financing”
I’ve been working with a realtor and found few condos that I like, and cost around $50k. Waiting on hoa reserve numbers,bylaws, restrictions and etc... if everything comes as expected, I would like to buy cash. As I have the funds to do so.
But as a first time home buyer.
how can I get qualified for first time homebuyer if paying all cash?
I want to get a personal loans of maybe $15k to have reserve. As I’m very close on my condo price on my savings. And I don’t think any lenders will mortgage me $15k.
does that sound like a good idea?
Thanks in advance guys.
It’s happening!!!