Tuesday, April 04, 2006

Question from Sy: How does one start out getting financing?

Sy, I can't email your answer because credit, cash, money, mortgage and other words needed are considered SPAM.

Real estate investing doesn't require a lot of cash. You can buy houses, even as an investor, with no money down. You will need to have the ability to pay for repairs if you purchase a fixer, but many investors even finance these costs with the purchase mortgage.

Real estate investing doesn't require great credit. Of course, the better your credit, the less you pay in mortgage costs. But, you can get started investing in real estate with less than perfect credit and then use your new wealth to improve your credit score.

See the articles about real estate financing

Only here: Discount link for print book Credit Help! Get the Credit You Need to Buy Real Estate


Talk to a loan officer. See our list of recommended loan officers.

If you don't own your own home, that's the best place to start. Home financing is easier and less costly than investment property loans. Our son bought his home plus three apartments with only $500 down. He goes to college and doesn't even have a job. (Call Rob for that loan. His office has branches in most states.)

Joy to you in real estate investing,

Jeanette Fisher
Real Estate Investing Information

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