3 min listen
142: Rookie Reply: Do You Have to Put 20% Down on an Investment Property?
142: Rookie Reply: Do You Have to Put 20% Down on an Investment Property?
ratings:
Length:
11 minutes
Released:
Dec 25, 2021
Format:
Podcast episode
Description
This week’s question comes from Mack through Ashley's Slack channel in the Real Estate Rookie Bootcamp. Mack is asking: How can I buy an investment property without putting 20% down?Mack has the question that many real estate investors do: how to buy with low or no money down? Thankfully, the world of real estate has a plethora of financing options from low down payment conventional and FHA loans to zero percent down loans from certain providers. Granted, you do need to check a few boxes before you can get these.Here are some suggestions:Understand the main differences between FHA loans and conventional loansUse house hacking as a way to qualify for owner-occupied financingCalculate out your PMI beforehand so you know the true cost of a sub-20% percent down loanUse a HELOC on your current properties as the down payment for new onesAnd more in the episode…If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Links from the ShowReal Estate Rookie Rookie Facebook GroupReal Estate Rookie Youtube ChannelReal Estate Rookie BootcampBiggerPockets ForumsNACACheck the full show notes here: https://www.biggerpockets.com/rookie142See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 25, 2021
Format:
Podcast episode
Titles in the series (100)
Trailer by Real Estate Rookie