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!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
BiggerPockets Money 97 – Intentionally Choosing the Path to Financial Independence with Financial Mechanic
BiggerPockets Money 35 – Hacking Your Life to Live for (Almost) Free with Craig Curelop
Qube Money
Buy the Book “Real Estate Rookie”
Find Investor-Friendly Lenders
BiggerPockets Money 110 – Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life
Connect with Mindy
(00:00) Intro
(01:13) Laying a Financial Foundation
(06:10) Saving for a Down Payment
(12:58) How to Grow Your Income
(22:59) Other Investment Avenues
(28:24) Leveraging Retirement Accounts
(31:58) Paying Off Debt vs. Investing
(41:07) Connect with Mindy!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-492
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Real Estate Rookie