Real Estate Rookie

304: Rookie Reply: Don't Have 20% Down? Here's How to Fund Your Next Investment

Jul 15, 2023

46:03

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Episode guests

Tony

Ashley

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Episode notes

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Quick takeaways

Expert investors rarely use their own money for down payments, leveraging different funding sources for real estate investments.

Networking in the real estate industry through events like the Limitless Expo can provide valuable insights and partnership opportunities.

Deep dives

Different Funding Options for Real Estate Investments

When investing in real estate, funding options vary based on the type of loan you pursue. Traditional mortgages require cash from you, while hard money lenders offer borrowing opportunities for the down payment. Private money lenders can provide funds for 20 to 30% of the purchase price. This mix of funding sources allows investors to explore different avenues.

Introduction

2min

How to Be a Successful Investor

2min

Ashutur's First Time in Los Angeles

4min

The Importance of Having an Honest Rating and Review

2min

How to Fund Your First Flip or Bar Property

3min

How to Find Opportunities to Fund Your Flips

4min

How to Build a Professional Relationship With Your Private Money Lender

5min

How to Deal With Private Money

2min

How to Increase the Volume of Offers to Submit

6min

10.

How to Increase Your Deal Flow

3min

11.

How to Transition From Small Multifamily Duplex to Five Units or More

5min

12.

The Benefits of Commercial Real Estate

3min

13.

Serena Norris on System and Processes

3min

14.

How to Be a Successful Real Estate Investor

2min

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 submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover

Reserves, down payments, and how to fund your first BRRRR or fix and flip if you’re low on cash

Unlocking private money lending and exactly what a lender wants to see before they fund your deals

The easiest way to start making more offers and the simple technique that’ll make analyzing deals a breeze

What to know BEFORE you buy a large multifamily property (and laws to pay attention to)

Cap rates, commercial real estate, and why bigger deals are often easier to increase equity

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram