Zillow Advice: Investing - First time home buyer with 15k wanting to invest in a real estate property! http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ Zillow Advice | Zillow Real Estate Do you have the same goals ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ <p><br/>Do you have the same goals as your friend? Being on the same page is very important in any partnership.&nbsp; Will you hire a property management company?&nbsp;<br/>If you don't own your own home, I would suggest that you start out with purchasing your own residence first!</p> Fri, 22 Mar 2013 01:18:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2013-03-22T01:18:00Z [Promotion and hotlink removed ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ <div style="text-align: right;"><p>[Promotion and hotlink removed by Zillow moderator. Please see our&nbsp;<u><a style="text-align: right;" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a></u>.]</p></div> Fri, 22 Mar 2013 01:09:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2013-03-22T01:09:00Z I have a home in a nice neighborhood ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ I have a home in a nice neighborhood in (NE)Sacramento.&nbsp; I have the enveyable position of full ownership...............I might carry your loan and sell the property to you under our own personal contract.&nbsp; However you would need a little more than $15k for the seed money. Sun, 24 Feb 2013 07:35:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2013-02-24T07:35:00Z Since it's been a few&nbsp;months ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ <p>Since it's been a few&nbsp;months since your posting, just curious where you're at in your home search?<br/><br/>Also curious as to&nbsp;why your first purchase won't be a primary residence for you! The overall lending requirements are much easier compared to investment purchase, and though I don't know your current cash flow situation, I can't imagine how an investment property is going to improve your situation assuming you'll still be paying rent (and feel free to update me on this too)!<br/><br/>Best regards, Jeff M<br/><br/></p> Thu, 31 Jan 2013 20:25:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2013-01-31T20:25:00Z Buying property with a friend ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ <p>Buying property with a friend is not necessarily a bad idea, provided all the details are drawn up legally and agreed to by both of you. Do not try to do this without a lawyer who can point out the possible pitfalls to you both. There are many things to consider so you also need a very knowledgeable and understanding Realtor to assit you.</p> Tue, 27 Nov 2012 02:14:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2012-11-27T02:14:00Z You usually need a pretty ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ You usually need a pretty hefty down-payment (25-30% I think, or it could of been 20%, it has been a while since I had this scenario) to obtain financing for a non-owner occupied piece of real estate.<br/><br/>I went to UC Davis (2001-2005), so I am familiar with the area...and know of a few Realtors I could refer you up there. &nbsp;In fact, I just had class with a Realtor who flew down to So-Cal to take a SSLB certification class with me yesterday. &nbsp;He was from Sac-Town, and also went to UC Davis (back in the 90s).<br/><br/>Best wishes from So-Cal and good luck Thu, 08 Nov 2012 15:59:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2012-11-08T15:59:00Z Buying a non owner occupied ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ Buying a non owner occupied rental property can be a good long term investment. You have to do your homework and have a plan. Wed, 07 Nov 2012 02:21:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2012-11-07T02:21:00Z I forgot to specify that ... http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ I forgot to specify that we are interested in buying a home together as an investment. 50/50 Tue, 06 Nov 2012 19:00:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-with-15k-wanting-to-invest-in-a-real-estate-property/467518/ 2012-11-06T19:00:00Z