How to buy my first real estate property?

Question

How to buy my first real estate property?Should i use my own money?,or Bank money?,or even my parents money?,any one can give me some advice so i can decided what should i do next😁

Greg Dickerson · Answer

You’re welcome.

Zahid Rossamaji · Answer

@Eric Ippolito thanks for the ad vice man😁👍

Zahid Rossamaji · Answer

@Greg Dickerson ok i Will visit your web later but my last question?:you said 20-30% cash flow is it per month or per year? Thanks any way visit your web now😁

Zahid Rossamaji · Answer

@Greg Dickerson oww man thanks for the advice i Will remember this😁👍

Greg Dickerson · Answer

Depends on the property and income. You should try to use as little of your own cash as possible so you can buy more property. You want to buy properties that will cash flow with only 20-30%% down. This will help you scale quickly.

Zahid Rossamaji · Answer

@Greg Dickerson Ok! I think the best way to buy my first property is borrow to bank,but i must build a good track record.But do you think i should borrow all the payment or just 50%,70% or even 100%? Thanks Btw😁

Greg Dickerson · Answer

@Zahid Rossamaji you should use the bank. This way you can leverage your cash and accumulate more properties quicker while also building a track record with the banks which is very important in this business. The more you borrow and make payments on time, payoff loans etc the more you will be able to borrow.

Eric Ippolito · Answer

@Zahid Rossamaji could help to start reading up on the basics. Brandon’s Rental Property Investing book was a great start for me, personally.

How to buy my first real estate property?

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