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Updated almost 10 years ago on . Most recent reply

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28
Posts
7
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Trey Read
  • Newark, OH
7
Votes |
28
Posts

Funding Buy and Hold Rental Properties - Beginner

Trey Read
  • Newark, OH
Posted

I am 22 years old and looking to start investing in SF rental properties. 

With a Full-time job making 57k salary, a low down payment, what would be the best way to finance properties initially? 

Also What would be the best way to keep purchasing additional buy and hold properties (e.g. line of credit on other assets)?

Private lending? Mortgage? 

Thanks!

Most Popular Reply

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1,255
Posts
1,097
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Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts
Joshua D.
  • Investor
  • Columbus, MT
Replied

@Trey Read

Welcome to BP! If you can, I would do as many Owner Occupied small multi family's as you can stomach. LOW down payment and the can cash flow day 1. Once you do that 2-3 times over the course of 3 years, you should have the cash flow to save up and do traditional down payment plans. and then look at doing the BRRRR plan.

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