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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?

FromReal Estate Rookie


142: Rookie Reply: Do You Have to Put 20% Down on an Investment Property?

FromReal Estate Rookie

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)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.