All Forum Posts by: Dale K Poyser

1 - Depends on your market, in some markets you can get a house for 40k or less. If you live in such a place then you are well on your way. If you do not live in such a place you can look at out of state investing or investing in a town in your state that has properties prices that low.

2 - Househacking might be an option for you

3 - look into the BRRR strategy. get a place with 20% or more equity built in to avoid the mortgage insurance.

4 - there are some lending options available that will allow you to take a higher interest rate and get some money to help you with the closing costs. Find a creative mortgage broker and see what your options are.

5 - look into partnering up with someone short term until you get the ball really rolling.

6 - Make sure you have good credit and look into getting non-secured lines of credit. Most people talk about HELOCs but you can also use non-secured lines of credit if you don't have a house or a place with equity.

7 - Network and connect with some wholesalers to get some properties with good equity.

Thanks for the update - are there yearly fees to maintain your real estate license?

great job