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Updated about 1 year ago on . Most recent reply

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How does everyone feel about using gap funding as a buy and hold investor?

Mohammed Milord
Posted

I am thinking about using gap funding for the down payment on my first rental property as a buy-and-hold investor. I don't have any money saved up but don't want that to hold me back from getting started in real estate investing. I want to ideally find an off-market single-family property as my first deal using g this strategy. Would that negatively impact my ROI? I'm not interested in seller financing as an alternative because I'm an introvert and not very good at sales. Is this a wise move? Is this strategy even possible???

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Steve K.#3 Investor Mindset Contributor
  • Realtor
  • Boulder, CO
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Steve K.#3 Investor Mindset Contributor
  • Realtor
  • Boulder, CO
Replied

There are strategies to get started with no money, that gurus like to sell, but I would wait until you have a down payment saved up as well as cash reserves to handle anything that comes up before investing. Owning property can be expensive and not having cash on hand to deal with situations that come up can put you in a really bad situation. 

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