All Forum Posts by: Account Closed
Account Closed has started 1 posts and replied 2 times.
Post: Startup Financing for new investors
- Maryland
- Posts 2
- Votes 0
Thank you both for your advice! Anson I just might look into buying a multi unit property. I was looking for ways to "get around" the 203K "primary residence" rule.
Post: Startup Financing for new investors
- Maryland
- Posts 2
- Votes 0
I'm sure you've heard this questions many times before, but I am 26 years old and I am looking to delve into the exciting world of real estate investing. I presently work as an office manager for a real estate company and I am studying to obtain my Maryland license. To make a long story short due to tough economic times I do not have the funds to get started on my own.
I've read about the 203K loan but I am wondering if there are any other ways to obtain startup capitol? Hard money lenders? Commercial bank loans? I have decent credit but I do not have the downpayment or collateral I'm sure I will need.
Also, I am wondering if building a rental portfolio first is a good way to start?