May 19, 2022
How to Buy Your First Rental Property with No Money Down
If you’re new to the real estate investing world, don’t let the start-up cost deter you. Even if you have minimal savings, you can begin your real estate investment journey! What are the different ways you can do this? One of the ways is by house hacking – purchasing a small, two – four-unit complex. You can move in to one of the units and rent out the others, with the other tenants covering your mortgage and housing expenses with their rent payments. When you move out, you can keep it as a rental property, improving the cash flow. You could also assume the seller's mortgage, and make payments on their behalf. Private loans are another option to consider when purchasing a rental property. This could be money from acquaintances, friends or family members. One of the benefits of this is that you can negotiate the terms of the loan that work for both of you, potentially allowing more flexibility for you. However, we recommend using the Buy Renovate Rent Refinance (BRRR) method.
