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How to Start Investing in Real Estate with $1,000

Realty Biz

You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%.

article thumbnail

How to Start Investing in Real Estate with $1,000

Realty Biz

You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%.