How do I purchase with little to no money down?

[Timothy Allen]

Hello,

I am currently living in Norfolk, Va and house hacking a place I purchased in November of last year. I am looking to buy a rental property in the area for roughly 100-120k but I do not have the 20% down that most banks require. What are some ways that I can still get the money needed for a property without having to fork out 10-12k? 

[Chase Taylor]

How much equity do you have in your current place? I've utilized 100 LTV helocs from a local CU that can give you some cash for a new deal. You could also move into a new house hack. Beyond that you could look at creative financing - owner, sub2, find a partner. With this finding an owner who will give you financing with little to no down will be a hard sell. I would also be cautious as well, if you don't have the 20% down what do your reserves look like? With little to no money your vulnerable especially as you add more units.