How the heck do you guys get all this money for multiple houses?!

[Account Closed]

After doing some digging around and speaking with several lenders, it seems that the normal guidelines for banks to fund an investment buy and hold property is a 25% down payment, plus 6 months worth of mortgage payments saved up for each financed property. I am just so confused how all of you are able to save this much money for multiple properties!! Do you guys all have 6 figure jobs or something??? I am starting to get very discouraged with this.

[Thomas S.]

Getting the first property is the biggest hurdle and yes saving up the DP yourself is the most common route to take. Don't get discouraged just dig in and modify your life style to save more money. Live more cheaply, save every penny, don't party with friends that are wasting money etc.

Everyone in todays world lives a wasteful lifestyle. The smart ones, realise it, tap into that waste,  and make saving their only priority.