This week’s question comes from Rodney through Tony’s Instagram direct messages. Rodney, like many investors, has been told that you need twenty percent down to buy a rental property. Rodney wants to know the best way to fund a property without breaking the bank. He’s asking: Should I save for a down payment or is there a way to get a rental without the twenty percent down?
It’s not uncommon for real estate investors to get into deals with far less than 20% down. But, for a beginner, this type of task can seem a bit intimidating, especially if you’re looking at your first investment property. Thankfully, the world of real estate presents investors like us with many ways to creatively fund deals!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley Kehr:
This is Real Estate Rookie, episode 180. My name is Ashley Kehr, and I am here with my co-host Tony Robinson.
Tony Robinson:
And welcome to the Real Estate Rookie podcast, where we focus on those investors at the beginning of their journey. Maybe you haven’t done a deal. Maybe you’ve done a deal or two, and you’re looking to scale. Either way, this is the podcast for you. Ashley Kehr, my co-host, what’s going on?
Ashley Kehr:
Not much. I have my little assistant, Remington James, here next to me. If you’re watching on YouTube, you can see a little bit of his cute little face, but he’s patiently waiting until it’s time to go to the movies tonight to see Sonic 2.
Tony Robinson:
Oh, okay. I love that. Sonic 2, I haven’t seen that. No. Is that with Jim Carrey is it? Isn’t he in Sonic?
Ashley Kehr:
He’s in it. Yeah, he’s in the first one so he’s probably in the second one. Yeah.
Tony Robinson:
Oh, okay. All right. Cool. Cool. I love that. Well, yeah. What else is going on, Ash? What you got? What’s going on in the business? What’s new?
Ashley Kehr:
Yeah, I don’t…