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Updated about 8 years ago on . Most recent reply

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Joe W.
  • Chicago, IL
4
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Equity growth strategies with little money down?

Joe W.
  • Chicago, IL
Posted
As I start out with REI, given my lack of capital and commitment to a full time job, I'm wondering what strategies are out there that cater to my needs. Ideally looking buy and hold scenarios that require little money down, and afford me the opportunity to manage the property remotely. Because of commitments to my full-time job, I don't believe I can fulfill the "traditional" landlord role and will definitely require the services of a handyman and other contractors. From a returns perspective, I'm not all concerned with monthly cash flow at this point in my life, and want to seek equity growth as quickly as possible. What strategies have others used to fulfill similar goals?

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Don Konipol
#4 All Forums Contributor
  • Lender
  • The Woodlands, TX
9,871
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Don Konipol
#4 All Forums Contributor
  • Lender
  • The Woodlands, TX
Replied

The chances of you being able to purchase property with nothing down, pay a manager, hire contractors to do maintenance and repair and NOT have a negative cash flow are slim and none.

For your scenario to work, somebody would have to sell you their property for one half it's REAL value. Highly unlikely.

Three main components of an active investment are capital, knowledge and time.  If you contribute none of the three how can you expect to profit?  And "cater to your needs"?  Hey, wake up call, THE WORLD DOESN'T WORK THAT WAY.  There are no "participation" trophies in real life.

  • Don Konipol
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Private Mortgage Financing Partners, LLC

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