Don't have the Down Payment but want to own rental property

[Diana T.]

I've been dying to get into the real estate business. I have sufficient drive, credit, income, and handymen in my life to make it happen today. My only issue right now is the huge down payment required on a rental property. In my area, I need to bring about 50-60k into the closing. This is huge. I'm only about a quarter of the way there. I hope to be there by end of 2013 or 2014 the latest. It's just so frustrating seeing the opportunities available and not being able to take advantage of them. Does anybody have any coping advice? I'm extremely impatient and getting very frustrated.

[Nathan Emmert]

If you need to bring $60,000 in as a down payment on a rental you're going to have a very hard time cash flowing.