Can't Afford Down Payments? Need Advice

[Brandon White]

Hello! My name is Brandon, i'm from Canada and i'm new to real estate investing. 

As I do more and more research on people who have acquired multiple investment properties in a reasonable amount of time I have to wonder how did they manage to afford all those down payments? A non owner-occupied property must have at least 20% down which can be 30k or a lot more.

I have heard of HELOC's but you don't know if the property is going to appreciate in 1-2 years and if it does, by how much?

Any advice or tips on how in the future I can afford multiple down payments would be appreciated very much.

Thanks

[Gerald Demers]

Hello @Brandon White and fellow Canadian (I am a transplanted Canadian from Edmonton now living in Orlando).  We have a portfolio of properties in Central Florida and we didn't use one dime of our own money nor any bank to purchase them or completely rehab them.  We partner with private lenders so we were able to get steep discounts on our properties because they were a mess, we could pay cash and close very quickly.  

And building up repair reserves with the monthly cash flow means it does not cost us to maintain them.  

You need cash to invest in real estate but nowhere does it say it has to be your own.  Start talking to people about what you do and how you can help them supercharge their investment returns.  

Canada has a lot of restrictions on what you can do with your self directed retirement accounts so while we have Canadian private lenders, the funds are their own, not from their retirement accounts.