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RE: ScaredyCatGuide to Real Estate - Three Reasons I Love Rental Properties!
Owning rental property is one of the best ways to build long term wealth, and is accessable to almost anyone.
Owning rental property is one of the best ways to build long term wealth, and is accessable to almost anyone.
Exactly, just cause I like to put 20% doesn't mean that is the only way. I have seen investors do zero down if the numbers makes sense in the end.
There are many ways to get into a good rental property, it can definitely pay to be creative. I built my first duplex when I had no money to put down to buy something. Bank wouldn't lend to me for a purchase cause I had no cash down, but would let me build because they would only finance 80% final value, but that is about what it cost to build them. It worked great to get started.
That is awesome. Gotta make it happen with the resources at hand. I have a buddy that wholesaled his forst two deals and than used that money for downpayment on a flip. He worked with the resources at hand. Good job man!