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Updated over 4 years ago,
How to earn equity when purchasing a property
Hey guys, I recently listened to the bigger pockets podcast:
“10 Deadly Mistakes Real Estate Investors Make with Brandon and David”
Towards the end of the podcast, Brandon suggests earning equity as oppose to using your own cash for the down payment of a property. How exactly do I do this? Would I need to seek a second lender to cover the down payment. Or is there a way to negotiate the price down after the money has been released by lender.
I’m a bit confused on this but definitely want to use this strategy to keep cash (down payment) in my bank account. Can anyone help to explain please? Thanks.