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Updated over 1 year ago on . Most recent reply
Can you invest in a real estate (rental property) with no money down
Hi -
new here and need tons of advice.. Looking at investing for a rental property, but plan to put 0% down.. I was told the conventional loan is the best way to go, but require at a minimum 20% down.. In addition, are there more tax benefits when you have a rental property? Looking to build connections and gain real advice
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#5 Private Lending & Conventional Mortgage Advice Contributor
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#5 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Tampa, FL
Legally, yes...practically, no way. In this interest rate and insurance-cost environment, not putting anything into a deal will most certainly leave you cash-flow negative in anything you purchase. As a lender, we wouldn't touch a deal where the investor does not have skin in the game. Statistically, the defalt rates are inversely proportional to the amount someone injects into a deal.