How to Buy Your First Investment Property WITHOUT 20% Down

Episode #304

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.

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Submit Your Real Estate Rookie Question!
https://www.biggerpockets.com/reply
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Listen to Episode 303 with Spencer Carpenter:
https://www.biggerpockets.com/blog/rookie-303?utm_source=youtube&utm_medium=description&utm_campaign=none
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Check Out Our Mentee Episodes with Lawrence Briggs:
Part 1: https://www.biggerpockets.com/blog/rookie-251?utm_source=youtube&utm_medium=description&utm_campaign=none
Part 2: https://www.biggerpockets.com/blog/rookie-257?utm_source=youtube&utm_medium=description&utm_campaign=none
Part 3: https://www.biggerpockets.com/blog/rookie-263?utm_source=youtube&utm_medium=description&utm_campaign=none
Part 4: https://www.biggerpockets.com/blog/rookie-269?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Lattes and Leases and Serena Norris:
Lattes and Leases: @lattes.and.leases or https://www.instagram.com/lattes.and.leases/
Serena Norris: @serena.claire or https://www.instagram.com/serena.claire/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://www.biggerpockets.com/blog/rookie-304?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro

09:59 How to Fund Your First BRRRR

14:07 What to Tell a Private Money Lender

23:01 Start Making Offers!

31:06 From Small to Large Multifamily

40:49 Connect with Other Investors!