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Updated almost 8 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Cristian Rivera
  • Rental Property Investor
  • Denton, TX
5
Votes |
21
Posts

Buying the 1st house.

Cristian Rivera
  • Rental Property Investor
  • Denton, TX
Posted

Hello world, 

I've been looking to purchase my very first investment property, a live in flip in the Dallas area, and I was hoping to be able to get a first time home buyers loan with 0% down. 

I went to a loan officer this afternoon and he mentioned that due to new tax reforms, those loan where gone over night and it all switch to grants, which have far more regulations and restrictions.

My question to you guys is what would you do in this situation, how would you finance your first flip with out a down payment? 

By the way, thank you guys for being so awesome and always responding to my post, I couldn't be more appreciative.

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