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Updated almost 2 years ago on . Most recent reply
Options for down payment on first rental property
I am a new member of the BiggerPockets community. I am really enjoying all the videos, articles and podcasts. I have been utilizing the rental property calculator to familiarize myself with what kind of deal would be needed to make a profit. Once I feel I have a good understanding, I'd like to to start to seriously inquire about purchasing properties.
One of my biggest hurdles of getting started and narrowing down a price range is the down payment. Since I am looking at properties for solely rental use I'd like to stick with the target of 25% down.
So my question is, are there any other options to come up with the funds for a down payment other than the traditional use your "savings account"?
Most Popular Reply

Get out of that mindset, funds are not your biggest obstacle, it is the deal. Most people would not know what to do if I gave them a million dollars.