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Real Estate Deal Analysis & Advice

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Brandin S.
  • Rental Property Investor
  • Orlando, FL
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First deal advice on a rental property

Brandin S.
  • Rental Property Investor
  • Orlando, FL
Posted Sep 27 2020, 04:04

I decided to jump into this head first. My wife and I have decided to buy our first rental property, at the same time that her parents were selling their home. As you may have predicted, we decided to purchase their home from them. They are selling the home for $240K. While I can put 20% down, I was wondering if there was anyway to purchase the home with no money or less money down. I am going to see if the VA will give me a second loan but worse case scenario, I purchase the home and pay the 20%, and then start looking for renters. Any tips on this topic would be greatly appreciated as I am super green in this area?

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