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Answers (5)
- Nathan Wolf, "natewolf"
- Contributions:1825
You could buy a property you live in, and use it as an investment. You can purchase up to a 4-plex and still qualify for special financing. Up to $8000 Down Payment Assistance, plus up to $2000 Annual Tax Credits for first time homebuyers-- and a 4-plex you live in would qualify.
- sunnyview
- Contributions:25120
Nope. You're on your own.
- Larry Tollen, "Larry Tollen"
- Contributions:384
There is no federal assistance for investors. Investors caused many of the problems in the housing market today, why would you think the Government would be encouraging more?
- Loretta Buckner, "RealWorldProperties"
- Contributions:205
The grants and incentives offered by the Federal Government are primarily to encourage home ownership (aka "The American Dream"), thus are directed at real estate purchase for primary residences.
If you are seeking financing opportunities for real estate investment purposes, be prepared to show:
1. good credit history;
2. good employment/income history; and
3. some sort of investment experience.
The method I have always recommended for my fledgling investor clients is to purchase a property as your primary residence which needs work, fix it, find a renter (after whatever the loan requirements are for maintaining as primary residence), and do it again. Being a landlord can teach you a lot!
If you are seeking financing opportunities for real estate investment purposes, be prepared to show:
1. good credit history;
2. good employment/income history; and
3. some sort of investment experience.
The method I have always recommended for my fledgling investor clients is to purchase a property as your primary residence which needs work, fix it, find a renter (after whatever the loan requirements are for maintaining as primary residence), and do it again. Being a landlord can teach you a lot!
- wetdawgs
- Contributions:26773
Investors? No.
DOES OBAMA HAS A GRANT FOR NEW REAL ESTATE INVESTORERS GETTING INTO THE HOUSING MARKET?
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