Updated almost 6 years ago on . Most recent reply
Real estate investors
Sorry if this is in the wrong category. As a full time college student, with very limited capital, and two parents who are willing to co-sign for me, does anyone have any advice on how I can go about getting a low interest loan, with a minimal down payment to finance my first rental property? I plan on spending about 100,000 on my first rental property, if anyone has any advice I would appreciate it very much.
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Don't be afraid to ask every seller if they would be willing to seller finance.
Ask if they would mind telling you what they will be doing with the money from selling their house. If its going in the bank ask if they would like to make a higher interest rate by owner financing it to you.
You could buy unlimited houses if you didn't need a bank or downpayments.