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Updated almost 6 years ago,
Financing to start a rental portfolio?
Hello BP Family,
I really NEED to start building passive income via rentals. I just watched the great video that @Brandon Turner did, How a Newbie Can Start Building Wealth Through Real Estate. I was SO encouraged until I seen in the video where it showed $68,000 needed as the down payment. I don't have anywhere near that. Yes, I can always go for cheaper properties than the one he used as an example in the video but still. I don't have $20,000 to even put down as a down payment.
How are people like myself able to obtain my first property without a large down payment? Do most people really have 20-50k in capital to just through at these properties?
Feeling discouraged.......please help :(