You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.
David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
What type of rental property should you buy as your first real estate deal
How to dominate your market as a brand new agent and meet buyers and sellers
As a foreign investor, how can you get around the 35% down payment requirement
How to finance an ADU to increase cash flow on your rental property
Should you invest with your family if you haven’t done a deal yet?
Buying rental properties without having to save up a 20% down payment
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Get Your Tickets to BPCon2022
BiggerPockets Money Podcast
Work with David’s Team on Your Next Mortgage
David’s Instagram
David’s BiggerPockets Profile
Listen to Our Interview with Dan Brault
Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
Finding and Funding Great Deals by Anson Young
Long-Distance Real Estate Investing by David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624
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