304: Rookie Reply: Don't Have 20% Down? Here's How to Fund Your Next Investment
Want to buy your first investment property? You DON’T need twenty percent down sitting in your bank account. We know; everyone has told you that you need a massive down payment before you buy a property. But did you know that expert investors like Ashley and Tony rarely come to the closing table with their own money? If you know where to find the right funding, you too could buy multiple income properties a year WITHOUT having to scrimp and save up tens, if not hundreds of thousands of dollars!
We’re back with another funding and finance-first Rookie Reply episode. This time, Ashley and Tony will go over how to fund your first BRRRR or fix and flip, EVEN if you don’t have twenty percent down. On a closely related note, we’ll touch on what to show a private money lender when you’re looking for funding and the “private money packet” new investors should start creating TODAY. Then, Ashley and Tony will hit on how to make more offers so you can build wealth faster. Lastly, you’ll hear the differences between small and large multifamily and why experienced investors LOVE larger deals.
In This Episode We Cover
Reserves, down payments, and how to fund your first BRRRR or fix and flip if you’re low on cash
Unlocking private money lending and exactly what a lender wants to see before they fund your deals
The easiest way to start making more offers and the simple technique that’ll make analyzing deals a breeze
What to know BEFORE you buy a large multifamily property (and laws to pay attention to)
Cap rates, commercial real estate, and why bigger deals are often easier to increase equity
And So Much More!
Links from the Show
Check Out Our Mentee Episodes with Lawrence Briggs:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-304
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