No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show!
While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.
Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.
In This Episode We Cover:
How to invest when you come from an upbringing that lacks financial literacy
Giving up on your “dream” so you can pursue something much greater
Andre’s 5-steps to get your life together and how you can start using them today
Practicing delayed gratification and how simple sacrifices pay off big in the long run
The zero down loan program that Andre used to build his real estate portfolio
The importance of becoming a real estate investor before you buy your first property
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Podcast
BiggerPockets Agent Finder
BPCON 2022
NACA (Neighborhood Assistance Corporation of America)
MLS (Multiple Listing Service)
Realtor.com
Zillow
Rich Dad Poor Dad seminar
Airbnb
Vrbo
Turo
Peerspace
The Landlord Life YouTube series
Landlord Life Season 3 Episode 2 with Henry Washington
Mindset Matter Merch (No books here)
Henry Washington's Instagram
Brian Donnelly's KAWS
Connect with Andre:
Andre's Instagram
Andre's Business Website
The Landlord Life YouTube series
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590
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