624: Seeing Greene: How to Get Around High Down Payment Requirements

Jun 19, 2022

Many believe a 20% down payment is a must for home purchases, but that isn’t always the case. Discover strategies for new real estate investors, including how to leverage personal skills and shift mindsets. A foreign investor shares insights into overcoming high down payment hurdles. Learn about alternative financing options and how to effectively transition to real estate investment. The conversation also touches on using rental properties for retirement cash flow and the value of community support for those entering the real estate market.

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ADVICE

Leveraging Expertise as a Newbie

Focus on simpler asset classes like multifamily or house hacking.
Look for complex opportunities within those assets where your expertise can save money.

ADVICE

Building Trust as a Realtor

Focus on making clients feel comfortable, not on "dominating" the market.
Owning real estate yourself can build client trust and confidence.

ADVICE

Scaling a Portfolio as a Foreign Investor

Supplement rental income with flips or other income sources to scale faster despite higher down payments.
Maintain higher reserves to mitigate risks associated with vacancies or market downturns.

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