All Forum Posts by: Jaypee Pau

Great question I’m in real estate and help folks with this kind of thing a lot, and honestly, this comes up more than people expect.

You can use a lender from either your home state or the state you're investing in, but I’d recommend someone who’s licensed in the state where the property is. They’ll usually know the local property taxes, title process, and what underwriters tend to flag in that area (especially if you're buying something unique like a short-term rental, multi-unit, etc.).

I’ve seen clients have the best experience with smaller, investor-friendly lenders or brokers they’re more creative and responsive than big banks. If you’re planning to house hack or use the property as a second home first, definitely ask if you qualify for low or even 0% down options. Not all lenders mention those upfront.

I’d say start with referrals from a good local agent in your target market or ask here if anyone has someone they love. The right lender makes a huge difference, especially when you’re buying remotely.

Hey Sophia first off, props to you for getting serious about this at 20. That’s already putting you way ahead of most people. I didn’t really start taking real estate seriously until my mid-20s, and I totally get the “where do I even begin” feeling.

I started by learning the basics of house hacking (renting out a room or a unit in a duplex I lived in), and it really helped me ease into it without needing a huge pile of cash. There are even some 0% down loan options if you’re buying a place to live in no income cap, just need a decent credit score and some funds for closing costs.

Also getting your real estate license might not be necessary to invest, but it can seriously open doors. You’ll learn a ton, get access to deals quicker, and you could even use it part-time to help others while building your own portfolio.

You're doing the right things already books, BiggerPockets, asking questions. I'd say next steps:
– Figure out your local market (what's cheap, what rents for well, etc.)
– Look into first-time homebuyer programs in your area
– Try connecting with other newer investors or agents and ask what they wish they’d known at the beginning

Keep going! You’re way ahead of the game already just by showing up and asking questions like this.