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Updated about 2 years ago,
PURCHASING RENTALS WITH NO/LITTLE MONEY DOWN. Doable?
As of right now i have 2 rental properties in Youngstown and Niles and closing on 1 more next week. Needless to say my capital is pretty much gone.
I found 2 SFH in the range of 49k-59k I would like to attempt to buy. Buying both at the same time would be cool. One is tenant occupied, so its instant cashflow on one of the properties. How do I get this done with no money or little money down? Are there any options i may not be thinking of? I know of DSCR loans and conventional loans. I know DSCR lenders can only do 75k loans or more. I heard of seller financing and Subto, but i don't know enough on how to structure that style of deal. It seems easy enough on these Youtube videos but I don't know how it works
Im sure i know the answer to my question, but i feel like theres a ton of people here that can give me ideas or know how to get something like this done. Please help!