You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.
David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
David:
This is the BiggerPockets Podcast, show 624. One thing that makes people feel confident and comfortable choosing you as their realtor is when you also own real estate, especially if you own several properties. Now, you can sell someone who’s a little hesitant on buying a house with house hacking, but you can sell it even better if you do it yourself. You can help investors with buying homes, but if you own rental property yourself, you’re much more likely to do so.
When I’m looking to buy in different markets, the first thing I want is a realtor who owns these assets themselves and has connections in the space that I’m going to need. What’s going on, everyone? My name is David Greene and I’m…