Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
6y
Thanks @Steven Foster Wilson! It seems as if you're on to a good start @Zackary R Drago. Before you apply for a loan I would talk to the lender and be upfront with them. You're likely going to need a co-signer. If that doesn't work out look into private money and hard money.
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
6y
Hi @Zachary Gwin, sounds like you have a solid start, don't let your age play a negative factor in you getting started. I know @Zeke Liston got started when he was 18 and before he has turned 19 he now has 8 units. I believe this is because he was confident in his ability to make money through real estate.
Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
6y
Thanks @Steven Foster Wilson! It seems as if you're on to a good start @Zackary R Drago. Before you apply for a loan I would talk to the lender and be upfront with them. You're likely going to need a co-signer. If that doesn't work out look into private money and hard money.
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
6y
@Zack Drago your best bet would be to use an FHA loan with only 3% down. FHA allows you to have less then excellent credit, less then great income, and still qualify for a loan.
Some downsides are you have to pay PMI, as well as the property has to be in somewhat good shape.