No money down for first buy and hold rental

[Billy Archer]

As I learn more about creative financing and other ways to fund a deal, I admit I’m lost in how one broaches this topic with someone. If you were able to start your journey without your own money , I’d appreciate it if you could explain how you got there. I have so many questions to help me get over my own mental block on the topic. I feel if I can find a way to feel less awkward about it, I can get over the mountain and actually begin investing much quicker.

[Jody Sperling]

This weekend I put an offer on a single family home for $125,000 cash. I don't have that kind of cash, even close. But I knew the ARV for the property was between $180,000 and $190,000, meaning anyone who partnered with me on the deal would make out with a lot of cash.

If you find a great deal, someone will always work with you because the asset collateralizes itself. Don't try to buy turnkey with no-money-down. That could be a disaster, and be confident in your numbers. Best of luck!