Is this just wishful thinking?...

[Account Closed]

That I can buy a rental property with none of my own money?

I want to:

-Use a private lender to come up with the down payment

-Get a conventional loan

-Pay the private lender interest only until I refinance and pull the equity out to pay back the original loan amount

Is this even possible? I have doubt that a mortgage lender will allow me to use "loaned" money as a down payment and I have doubt that I can refinance and pull out 20% equity.

Thank you in advance for the advice!

[Ali Boone]

A mentor of mine gave me some advice one time that I loved and has seriously helped me with real estate.

"Never ask can you do something. Ask how to do it."

There is always a way. The successful people are the ones who have figured out how to do something most other people have thought to be impossible.