New to BP

[Freddy Hernandez]

Hello everyone. Been wanting to invest in real estate for the longest and finally making the jump. Owned the house I live in for 10 years now and just got an accepted offer on a duplex 2/2 for 80k. The house is in good shape and im happy about the deal. Its about 2 miles from where I live now so I know the neighborhood pretty well. Had to put 25% down. My question is; I want to buy my next property in the next year or so, how would I go about buying my next property without having to put that much money down? Sorry if this question sounds dumb but like I said, im new to this, but willing to work hard, learn as much as possible and be as aggressive as I can. Thanks for any input.

[Desi Arnaz]

Hi Freddy,

Welcome to Bigger Pockets. I discovered BP a while ago but didn't really get involved until recently. I'm sorry I waited so long to "plug in". BP is an awesome resource.

I am a cash flow investor. I have been a landlord since 1982 and I have also flipped a fair numbers of homes over the years.

A couple of years ago I discovered the "paper" side of the real estate investment world. I purchased my first Mortgage Note. I have been actively acquiring Notes for passive cash flow since that time.

You mentioned that you'd like to buy more real estate with less money down.  Creatively using "paper" could help you accomplish it. Look into it.

I upgraded to BP Pro & upgraded my profile. Check it out.