How to Invest in Real Estate with NO Money (or LOW Money) in 2024
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Published 2024-04-15
Some of these strategies will get you in the game, making cash flow every month, EVEN without owning a rental property. Others will allow you to put very little money down to buy your first house, but you must be willing to follow a few rules. We’ll also get into the short-term rental side hustle that has landlords pay YOU for managing their property and exactly how Rob scored a three percent interest rate (in TODAY’s market) while putting very little money down on a property.
Don’t let money stop you from starting your investing journey! Combine a few of these strategies, and you could have a cash-flowing rental property portfolio in just a few years’ time!
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Show notes at: link.chtbl.com/BPRE
00:00 Intro
01:34 1. Rental Arbitrage
06:08 1.5 Cohosting
09:57 2. House Hacking
16:59 3. Partnerships
22:22 4. Creative/Seller Financin
All Comments (16)
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Problem with house hacking at this point is qualifying with DTI to make payments on the 97% LTV. Right, 3% down on a 300k house is going to be around 2500 a month. Then, you need to buy somewhere where renting out that same property a year later is going to cover your expenses at least, so it'll need to rent for 2500+.
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So much learning !!
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As a beginner just interested in getting into this field this gave me some hope. In the next year I’d love to get my first property to start understanding this journey since I just became debt free last year
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Instead of tapping into external financing sources or depleting your savings, you can leverage your 401k funds as a down payment. As you repay the loan, every dollar (principle and interest) flows back into your retirement account, turbocharging your nest egg while simultaneously building equity in your property. The key to success is making sure the property cashflows day one.
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Would LOVE a house hacking book!!! Question for housing hacking, what if you buy a property have a bedroom that’s yours for a year but not be there and have your parents or in-laws live there and pay the mortgage. Then take that money after a year and buy the next house the next year? Is that a smart investment?
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Perhaps I'm thinking small but "Partnership" is a 4 letter word in my book. I'd rather aim lower, use traditional bank financing and grow slower than take on the liability of a partner or investor. Control and autonomy have been absolutely priceless in our experience.
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Remember when bigger pockets was good? ..... Many moons ago.
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Another option is buying at a deep discount and then working with a local bank who will fund 80% of the as is or arv value. Ive gotten several with less than 10% of my own money
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Bought my first house at 23 and house hacked, now bought my second a year later and continue to house hack and rent out the old property
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When it comes to the world of investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
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Seller finance at 3 and 4%?😳
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vA loans, USDA loans. Medical professionals loan!
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The thing is NOT EVERYONE WANTS OTHER PEOPLE IN THEIR HOUSE especially if they have A SPOUSE and CHILDREN. House hacking is okay you are single What are other ways to start REI when you already have a primary residence and you don’t feel comfortable having other people around your children?
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We don’t normally change the coils in an AC. lol. Handyman HVAC listener
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lol more nonsense from the biggest grifter in the game
