How to buy multiple of properties!

[Chris Kendrick]

Ok for first time new investors,  went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments,  its normal 20 or 25 percent down, so only way i see to profit from rental or investment properties is either flip or do the brrrr method , cause you cant put a down payment of 20k,30k or 40 or 50k, cause it will take you forever to get that money back if your only cash flowing around $300 or $400 a month, you cant buy a property every 7 or 10 years doing the conventional method of buying a house, so you almost got to rehab the house and either flip or get it appraised for more and cash refi to get your money back and rent it out, i dont know how everyone making money, please dont say seller finace, cause that dont exist

[Josh Young]

Hi Chris, low down payment loans like 5% is for a primary residence. You should buy a primary residence every year or two and keep the previous as a rental.  If you want more cash flow you can rent out the rooms individually instead of the whole house, this gets really good if you get into 5 bedrooms houses.  In a few years you will have multiple houses and can start doing cash out refinances on them.  The one downfall with this strategy is that you have to move every time you buy a house using a low down payment, but it's also a good to live in the houses, so you can get them ready to be rentals, it's helpful if they are all in the same area so you really get to know the market and it makes it easier to self manage. I hope this is helpful. Good Luck!