First time investment

[Jeremiah Purifoy]

Hello 😃

I am looking to start investing into real estate, this will be my first investment. I am wondering could I get a no deposit down loan on my first investment. The house is 20k and already occupied the tenant has been there for 2 years and has paid on time. The monthly rent that they are paying is 750 a month and utilities included.

But I’m wondering what options would I have with a no deposit loan for the property, if that is even possible?

Please and thank you a lot!!!!!!

[Joe P.]

Originally posted by @Jeremiah Purifoy:

Hello 😃

I am looking to start investing into real estate, this will be my first investment. I am wondering could I get a no deposit down loan on my first investment. The house is 20k and already occupied the tenant has been there for 2 years and has paid on time. The monthly rent that they are paying is 750 a month and utilities included.

But I’m wondering what options would I have with a no deposit loan for the property, if that is even possible?

Please and thank you a lot!!!!!!

Why do you want a 20k property? Realistically...how much of a slice of hot garbage is this thing?