Funding for rental properties

[Account Closed]

Hello, I am very interested in building my portfolio in rental properties what are ways to get funding to start or is everything just out of pocket as far as down payment ? Thanks

[John Alosio]

@Account Closed

2 words... House hack. With an FHA loan you can get up to a 4-unit propertY with 3.5% down. As far as help funding, ask your realtor about seller concession. Basically the seller covers a portion of your closing costs, in exchange for increased sale price. So it's no burden for the seller, and it gives you a little boost of cash in your hand after closing.

one thing to note, I wouldn't recommend walking away from the closing table with $0 in your bank account. You'll want to have a decent chunk in reserves to cover unexpected issues. So save up more than what you'll need to close, ask for seller concession, then you should be in a good position.

cheers