Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 hours ago on . Most recent reply

User Stats

6
Posts
1
Votes
TJ Dittmar
1
Votes |
6
Posts

Looking to accelerate cash savings

TJ Dittmar
Posted

I am currently in the process of saving my 20% + 6 months buffer for a rental property. My target goal is $30,000 and I'm currently at $17,000. It should take me around 3-4 more months to save the additional funds. But since I'm in the learning/saving phase I'm thinking ahead on other ways to accelerate funds fast to make deals quicker. I have a W2 job and I'm already working overtime and picking up as many saturdays as I can within my current family obligations. What would be some ways to find financing that wouldn't require 20% down. 

At the end of the day I'm ok with taking the slower path of saving up the cash for the down payments and buffer but if there's a quicker way that I'm not aware of I'm open to all options. 

P.S. I can't house hack because of the family situation so I can't be approved for regular loans that require you to make the property your primary residence. 

Loading replies...