All Forum Posts by: Paul Lugo

Hello, My name is Paul I currently pay a mortgage on my primary residence in flagstaff Arizona, I’ve recently become interested in testing my waters in rental property However I’m brand new to the game and do not know where to begin. I’m curious on how financing works to get into the first rental property? Is there certain types of loans? Is there always a mandatory set down payment percentage? Is there a way to avoid large down payments? Also want to avoiding using my current homes equity Or can I turn my current property into a rental without it affecting my mortgage agreement (conventional loan) and then continue on to take out another mortgage for my next property? So many questions but excited to begin.