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Updated over 2 years ago on . Most recent reply

First (free) property.
what should I know or expect when buying my first rental property using 100% OPM
Most Popular Reply

Nathan Gesner
Property Manager
Agent
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- Real Estate Broker
- Cody, WY
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I'm not a fan of the no-money-down approach, particularly for a beginner. It's not even honest because the investor borrows from Person A as the down payment from Person B, so they're technically borrowing 100% of the purchase price. That's the kind of foolish behavior that resulted in the 2008 market crash.
A wise investor has complete control of their finances. They save up and make smart investments. They carry a certain amount of risk, but it's not extreme risk that puts their wealth or their personal finances in jeopardy.
- Nathan Gesner

The DIY Landlord Book
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