All Forum Posts by: Brian Coberly
Brian Coberly has started 1 posts and replied 3 times.
Post: Wanting to Invest in Phoenix, only have FHA loan.

- Phoenix, AZ
- Posts 4
- Votes 1
I also just found out I have a conventional loan of 1% down with 2% equity from the lender. Didn't even realize that so I don't have to wait a year to rent out property. Just hope I can find something interesting and special to start with.
Post: Wanting to Invest in Phoenix, only have FHA loan.

- Phoenix, AZ
- Posts 4
- Votes 1
I'm not 100% sure if my lender/agent has multi-family experience but I'll look into that for sure. Originally I was looking to rent out whatever property I received a loan on so I didn't seek out a specific lender/agent that deals with investment. I'll being that process now for sure. I've been looking in Peoria/Phoenix/Glendale/El Mirage/Avondale/Goodyear mostly. I'm not sure I want to go beyond $200K out of fear. Nice, didn't even think about a guest house. I'll have to investigate that as well. Thanks!
Post: Wanting to Invest in Phoenix, only have FHA loan.

- Phoenix, AZ
- Posts 4
- Votes 1
I just started to consider jumping into real estate rental investments however I have very little capital to start with. I make about $50K before taxes. I have enough for a 3.5% down payment on a $200K home and I'm starting now to seriously save. I have to move from my apartment in three months and I was looking to purchase purchase property with the intention of renting. It looks like market conditions in Phoenix are very good and prices seem set to rise. Now is the time if I ever want to get in. Because of my excellent credit and steady finances/job security I've been able to procure multiple loans 1% down with 2% equity from a lender on one and a pathway to purchase loan with another lender. Already I've been out looking at homes with a real estate agent in Phoenix. Can I do this? Is it possible? I've been doing my homework and studying quite a bit. I'm was thinking maybe a multifamily property with renters or possibly a single family home with a roommate the first year. What do you guys think?