All Forum Posts by: Larita Jolly

Thank you all for your reply. I have the 25% but I don't want to use it all because it's all I have saved this far for investing. I can't move into the rental because I already own a home and don't want to move at this time. I'm looking for the no to low money down deal and I can pay for fees points or closing cost is this possible? I keep reading on bigger pockets how people are able to do such deals. Or can I get a HML and after rehab refinance?

Hello all, 

I'm really excited and ready to get my first investment property. I'm currently stuck on what my first move should be to obtain. I have a list of properties that have really good potential (monthly cash flow) but I need to have a contractor give me an estimate to solidify those numbers. Also, I'm not sure as to which way to obtain financing. I have good/fair credit and I should be able to obtain a  conventional home loan, but I don't want to pay 20% down. Is Hard money lender the best way to go? And should I choose the property first prior to the contractor estimate and then obtain the loan? Please help! My goal is to have at least 5 rental properties by the end of this year and I need to have rental in place by the end of Aug in order to complete my goal. Thank you

Hi Christie, I'm a newbie as well. I'm currently looking for possible deals and analyzing them so that I may have a deal to present prior to getting pre-approved. It seems this is what's necessary, find the deal first then ask for the money. So now I'm stuck on analyzing and finding a good deal in my area for what I'm looking for. 

You have already invested in your business so I'm sure you won't give up. Now research, research and read some more. ( I love this site and will go pro once I find my first deal.)

Happy investing!

Okay but which way is the best. FHA? I'm still researching the private lending. This is what we are hung up on.

Hello, everyone. I'm new to this site and I'm so happy I found it. Me and my husband are looking to purchase my first his second rental property. Trying to find how to finance this endeavor. I believe we have a mentor, we are set to meet with him later this week. I guess right now I'm just introducing myself and look forward to any information that can be shared I'm looking in the Cleveland, Ohio area.