Updated over 9 years ago on . Most recent reply
How to buy rentals with little or no money
I am a virgin investor. The only real estate experience i have is the purchase of my personal residence and I have excellent credit. I want to purchase a rental property and become a landlord but i would like to know how it can be done with little or no money down. The lender I spoke to said I would need to bring to the table at least 20% down plus closing costs. I have that money on my TSP (similar to 401k) but I am hesitant to get that out of my TSP account. Can someone please guide me how people get buy and hold properties with little or no money down.
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Steve Vaughan
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#1 Personal Finance Contributor
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- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Not having money is a symptom. Earn more and save. Scorched earth sacrifice to change your life. No car payments. No restaurants or malls unless it's to go to your 3rd job. Fancy coffee and 200 channels is what the broke without a plan do. Nothing worthwhile is easy @Miguel Romero!