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Updated over 9 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Chris Manglicmot
  • Arlington, VA
2
Votes |
18
Posts

Setting up finance

Chris Manglicmot
  • Arlington, VA
Posted
Hello all. I am new to investing. I would like to get others thoughts on lining up finances to purchase a home with no $ or very little. As I start looking for deals, my thought would be to line up my finance so I can quickly make an offer. Any thoughts would be great?

Most Popular Reply

User Stats

37
Posts
16
Votes
Brody Jett
  • Real Estate Agent
  • Spokane, WA
16
Votes |
37
Posts
Brody Jett
  • Real Estate Agent
  • Spokane, WA
Replied

Hello,
Glad to see the motivation. I always try to find ways to fund my next deal too. I have a few questions that might help you. How much are you putting forward into investing.? you could do an an fha loan which is 3.5% down  typically for a home and can even get you a multifamily up to a duplex I believe is what's in my area.

Another one I have seen in my area is wells Fargo has a 3% down type of conventional loan but the down fall when I called is you can't get into the multifamily with this one. 

You could Hello,
Glad to see the motivation. I always try to find ways to fund my next deal too. I have a few questions that might help you. How much are you putting forward into investing.? you could do an an fha loan which is 3.5% down  typically for a home and can even get you a multifamily up to a duplex I believe is what's in my area.

Another one I have seen in my area is wells Fargo has a 3% down type of conventional loan but the down fall when I called is you can't get into the multifamily with this one. 
Hello,
Glad to see the motivation. I always try to find ways to fund my next deal too. I have a few questions that might help you. How much are you putting forward into investing.? you could do an an fha loan which is 3.5% down  typically for a home and can even get you a multifamily up to a duplex I believe is what's in my area.

Another one I have seen in my area is wells Fargo has a 3% down type of conventional loan but the down fall when I called is you can't get into the multifamily with this one. 

There is a lot more I've seen. If I'm in the right area let me know and I can get you some more info. I did VA funding for most of mine which was good if you qualify. hope this helps.

-Brody Jett

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