181 - How to Buy Your First Rental Property with Little to None of Your Own Money

Are you dreaming of owning a rental property but feeling held back by the high costs and financial barriers of real estate investment?

Fear not, as there are ways to enter the market without emptying your bank account or struggling to save up for a hefty down payment.In fact, with financial creativity, you can purchase a rental property and enjoy all the benefits of investment without breaking the bank.

And today, we've got some expert advice from Wyatt and Jon, who will share their top tips for buying rental properties with minimal, upfront investment.

Key Takeaways

• Breaking down the BRRR (Buy, Rehab, Rent, Refinance) strategy step by step for successful real estate investing.
• Understanding the differences between hard money and private money lenders in real estate investing.
• Explore real estate websites, attend REIA (Real Estate Investors Association) groups, and expand your network to connect with like-minded professionals.
• Evaluating a potential investment deal in real estate requires a comprehensive understanding of the market, property, and financials.
• Investing in real estate can be a powerful tool for growing your net worth over time.

Resources

• Follow Jon here
• Follow Wyatt here
• The ABCs of Real Estate Investing by Ken McElroy
• Amortization Calculator
• Rich Dad Poor Dad by Robert Kiyosaki
• Driving For Dollars Mastery