Understanding Rental Property Costs

This chapter covers essential costs associated with purchasing rental properties, including down payments and additional expenses like insurance and taxes. It also highlights the importance of finding a trustworthy lender and provides resources for better financial clarity.

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Do you want to buy a rental property in 2025 but fear money could get in the way? Putting 15%-20% down is a huge hurdle for new investors, but there are several strategies you can use to limit your expenses, grow your income, and even put LESS money down. If you want to know how to save for a down payment as quickly as possible, you need these money-saving tips!

Welcome back to the Real Estate Rookie podcast! Before you can invest in real estate, you need to lay a solid financial foundation, and today, personal finance expert, master live-in flipper, and co-host of the BiggerPockets Money podcast, Mindy Jensen, joins the show to weigh in on this crucial topic. Do you have your spending in check? Are you finding ways to grow your income? How’s your credit score looking?

Whether you’re starting from scratch or looking to level up your finances, we’ll share some actionable steps you can take toward buying property in 2025. We’ll also talk about ways to leverage your retirement accounts to buy real estate, whether you should pay down debt before investing, and other investments (that aren’t real estate) that could help you build wealth!

In This Episode We Cover:

ow to go from ZERO dollars saved to a full down payment for a rental property

Whether you should pay off your debt before investing in real estate

Creative ways to grow your income so that you can save money faster

How to avoid a 20% down payment when buying your first property

Leveraging your retirement accounts to buy passive real estate investments

How to build wealth with other investment vehicles (beyond real estate)

And So Much More!

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Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

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