All Forum Posts by: Account Closed

Hi! I'm looking for experienced and non-experienced (beginners) in the real estate industry. I'm looking for people to provide me with knowledge and their experiences as I will be investing soon. If you are in the Charlotte area and are willing to network and learn as you go, please let's see how we can benefit eachother.

I'm looking to buy my first house to use as rental property. I was told by FHA that I could still get a FHA loan, paying 20% down to use as investment property. Is that a good idea?

My plan is to buy a fixer-upper, around $50,000, putting $10,000 down and fixing up the house to rent out.

Will the government help me fund a single family house? I would live in the house for a year or so, then rent it out as investment property. I am 22, and a college graduate.

I'm looking for a foreclosure, single family home. What are the best resources to help? Zillow?

Ned Carey I don't have much at all in savings. The highest I could probably put as a down payment would be $10,000 and I'm looking to invest soon.

Thank you Marco Santarelli. I would like to find a house outside of Charlotte, NC. I'm looking for a small rental property, with little renovations needed.

I'm 22 years old, just finished college, where I would like to buy my first investment property. I moved back in with my family to help me save to pay off the mortgage for the single family home. I have not made any decisions yet, however, I'm looking for a small house around $50,000 and looking to make a down payment of 20%. Is $50,000 a good amount for someone just starting out? This property will be used as a rental for my tenants.

Thank you @Brian Hoyt. You are completely right. It's not as simple as it sounds and what's best for one person may not be best for one. Also, Thank you @Dawn A. for the calculations. I need to do more research before I do anything. I need to make wise decisions and I prefer the traditional way.

I'm sorry Michael. I'm new to all of this and I really don't know what seller financing and the other alternatives are. Note: I do not own a house at the moment.

Getting the down payment for my first investment property is discouraging, especially when I have unexpected bills come up. I currently have 3,000 but my goal is to save atleast 10,000 (for my 20% down payment).