Re: Investing in rental property

[ Follow Ups ] [ Post Followup ] [ Real Estate ] [ FAQ ]

Posted by Terry on January 27, 1999 at 06:30:31:

In Reply to: Investing in rental property posted by Mike on January 05, 1999 at 13:08:48:

Mike,
Buying rental property is pretty much like buying any other property. The major difference is that the lenders will generally like you to have at least a 20% down payment. That can be avoided by owner financing ... getting your seller to take back a second and other creative ways. I highly recommend that beginners look up the local chapter of S.C.O.R.E. which is a group of retired executives who help people starting out for free. Good luck to you.

Follow Ups:

Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:
: Mike,
: Buying rental property is pretty much like buying any other property.  The major difference is that the lenders will generally like you to have at least a 20% down payment.  That can be avoided by owner financing ... getting your seller to take back a second and other creative ways.  I highly recommend that beginners look up the local chapter of S.C.O.R.E.  which is a group of retired executives who help people starting out for free.  Good luck to you.


Optional Link URL:  
Link Title:         
Optional Image URL:

[ Follow Ups ] [ Post Followup ] [ Real Estate ] [ FAQ ]