#AskBP 047: How Do I Save up Enough Money for a Downpayment?

by | BiggerPockets.com

The majority of first time real estate investors will use financing from a conventional lender, combined with a downpayment of their own personal savings.  But how can investors save up enough for this downpayment?  In this episode of the #AskBP Podcast, Scott shares his story, as well as his suggestions, on the best way to earn more and spend less to speed that first investment.

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About Author

Brandon Turner

Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like… seriously… a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of “The Book on Investing in Real Estate with No (and Low) Money Down“, and “The Book on Rental Property Investing” which you should probably read if you want to do more deals.


  1. Angel Rosado

    Once again a great podcast…This is something that I’m currently working through getting the down payment for that first one. Considering that I’m in nyc I have to get about the same down payment of at least 20k. Didn’t think about tutoring, may make this part of the plan.

    Do any investors think it gets easier after the first one?

  2. Michael Powers

    Great podcast. I love your point that every time you earn a dollar, you only take home 80 cents after taxes, but a dollar saved nets a full dollar of value. I always found that cutting expenses added more to my asset column than working extra hours, but I never really understood how that happened. Of course, it seems so obvious now! Thanks Scott!

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