How To Buy 3 Properties in 2024 with $50,000 Total

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This is different than putting 20% down ($80,000 on a $400,000 property) on each property you buy. That is what most people do. That alone stops most potential investors. But, set that thought aside for a moment.

What we are talking about here, is a different process. It starts with buying properties "off market". That means you don't find these on the MLS.

A certain amount of people are willing to sell on Creative Finance, like Subject To, (Subto) & Seller Finance for various reasons that I explain. Once an agreement has been reached, the purchase & sale go through escrow just like any other transaction.

The property can be used for a rental, fix & flip, STR or Lease Option, whatever crosses your mind. Yes, you'll need some training, but being trained properly is a good thing anyway. Don't let any mentor or coach tell you can do these for zero down.

Usually you can find these for $15,000 or so in “up front” money.

Here are the differences and why it can be done.

By buying “off market”, the selling price can be reduced by the amount of the fees the seller would have to pay, if they used a real estate agent. That can be a savings of $25,000 on a $400,000 property. Then, since you are taking over the seller’s loan, you have no loan origination fees and don’t have to use your credit. That saves you thousands of dollars.

And since you are getting their 3% interest rate instead of a 7% from a bank, your payment is $1,602 instead of the bank’s $2,129. A monthly savings of $527 that goes into your pocket.

Plus, since the seller has already been paying for a couple of years, the principal has been paid down $15,000.

So, you are “in” for about $15,000 and have all of these great benefits. Do 3 a year and in 5 years you are retired, and having fun.

And of course, You can continue doing these and build generational wealth.