Updated over 8 years ago on . Most recent reply
Advice for a new BP member
Hi everyone,
I am currently studying finance in college on my junior year. Real estate has always been my true passion. My goal is get started within the next 2 years in mainly flipping and rentals.
Now my question is, do you guys have any advice on how I can finance my first deal without much capital of my own.
Any help would be much appreciated
Most Popular Reply
Hey, welcome to the site!
One option would be to "house-hack" and buy a fixer-upper that you can move into and fix up for a year or two and then sell for a profit. The FHA loan allows owner occupants to buy a home with 3.5% down and they only require you to live in the property for at least a year.
Just one way out of many...from one newbie to another haha