I keep hearing stories on bigger pockets where people do conventional loans on rental properties with little money down... every time I talk to my agent he tells me minimum 25% down on an investment property. Anyone out there help me understand what I'm missing?
Thank you in advance
One way is what people here call 'house hacking'. You buy a duplex (or tri/quadplex), live in one unit which can earn you FHA lending (a few % down) and rent the others.
Another way is BRRRR. Buy a run down house with cash or a short-term loan, renovate it, rent it, then get a mortgage on the new higher value of the house.
I understand you may be able to get hard money loans for much of the purchase price too, but that's something I haven't ventured into yet.