How to make my first purchase?

[Chris Harrison]

Hello,

I've finally come to the conclusion that I'm not going to have enough money to retire comfortably.  I'm still somewhat young at 48 but my first child is heading off to college this fall and I'm not getting any younger.  I work in Boston and my wife and I bought our home a few years ago.  I am very motivated to buy rental properties in the area where I live but the one thing I have working against me is not having 20-25% down.  I could draw from my retirement but I'd lose half in taxes and I'm not sure that is the best solution.  I'm learning through this website as well as reading other stories throughout the web but I still come back to the same question:  How can I make my first purchase with little or no money down?  Any ideas or suggestions are appreciated.

Thank you for your insights!

Chris

[Curt Davis]

@Chris Harrison

I am in a completely different market then you but I have purchased all of my rental property with little out of pocket.  I actually put together a short YouTube video giving a simple example with figures on how I do it.  If you can locate property that can meet the formula you might be able to do the same thing. 

Good luck