Just seeing what my options are...
I have $20K saved for a down payment, and my credit score is 660. My income is 75-80K a year and I want to invest in real estate. What options do I have to get into a place? by joe146 from Panola, Oklahoma. Dec 21st 2016
Ray Antonelli (Focused)
#68 ranked lender in Ohio - 66 contributions
Hi Joe,Most lenders require 25% down on investment property.660 is high enough for most mortgages.Recommendations change depending on whether you plan on flipping, lease with option, note investing or buying to hold and rent.
John Burke (jburke)
#27 ranked lender in Texas - 321 contributions
Hi Joe,You could start out the same way a lot of people. Buy a home with an FHA loan, live in it for a year & then convert it to a rental property & buy a new primary home.| Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states
Ask our community a question.
Get an answer
Related Questions
