Posted by Ed Garcia on February 01, 2001 at 10:12:44:
Kyle,
If your credit is good, and since you don’t own a home, you could buy with no money down and 100% financing owner occupied. It seems like that wouldn’t be a bad idea, due to you could use the write off, and get into your first deal as a homeowner.
Hi All,
I am in the process of looking for my first rental house. I don’t have any money saved up. I don’t have any credit cards or loans. ¿¿My question is where I should get the down-payment for the first loan from?? Any suggestions would be appritiated.
Posted by Ed Garcia on January 31, 2001 at 11:41:42:
Kyle,
You don’t tell us about if you currently own a home, or how’s your credit? If you don’t already have a property, and you have good credit with a credit score of 620 or above? You can go owner occupied at 100% financing and the seller can pay up to 6% of your closing cost.