Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on .

User Stats

279
Posts
91
Votes
Grant Greene
  • Lender
  • Tucson, AZ
91
Votes |
279
Posts

START A REAL ESTATE EMPIRE WITH 10%

Grant Greene
  • Lender
  • Tucson, AZ
Posted

All in: 10% of the cost of the property and renovation – that’s the down payment and closing costs combined!

Example: you purchase a property for $100K, and the reno costs are $50K. To get access to the funds needed for this, you’ll need about $15K TOTAL.

If you decide to hold onto the property as an investment, you have ANOTHER great option.

Let’s say the property is now worth $350K, and you put a renter in place. We can refinance your original loan and take out up to 80% of the equity – with none of the new mortgage hitting your credit report. After paying off the original loan, you have access to over $150K to go out and acquire more income-earning properties. Lather, rinse, repeat.

You went from spending $15K out of your pocket to owning an income-earning property AND having access to another $150K for more projects without having to worry about adding them to your credit report.