All Forum Posts by: Hyram Fuller
Hyram Fuller has started 1 posts and replied 2 times.
Thank you @Brad Hammond, @Rico Quatro and @Matt Ziegler. I appreciate the information that you guys have given me. I can see the risk of borrowing for a down payment. Would now even be a good time to buy a property or would being patient and waiting for a more favorable market for investment loans be a better way to go?
My wife and I are first time home buyers and are wanting to buy a duplex that we will not live in. The issue that I am running into is that conventional loans require around 20% down and we will not qualify for a FHA loan that has a reduced down payment. I would like to rent out both sides of the duplex for greater cash flow but do not have a lot of money for a 20% down payment. Are there any ways around a 20% down payment on an investor loan? Has anyone else started out a similar way? Are there better ways to get into the real-estate investing? I am open to ideas and am appreciative of any help people can offer. Thank you.