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All Forum Posts by: Matthew Perry

Matthew Perry has started 3 posts and replied 21 times.

Starting Out

Post: No cash.. Buying first rental

Matthew PerryPosted
  • Posts 21
  • Votes 2

No cash, want to buy a first property and scenario is, we want to borrow more from the bank than the purchase price will be of the home we buy. So, home is 70k. If we get FHA LOAN, 3.5% down($2450) , but we want money to have incase we find something wrong after purchase and fix up, so 90k borrow? (So now a little more down payment too)

Is this even possible??? And how? Anyone know??

0 Votes