How To Buy Your First Rental Property Even If You're BROKE
Вставка
- Опубліковано 27 бер 2023
- One major thing that may be holding you back is that you may think that you don’t have enough money to buy real estate or you may have a bad credit score and can’t get a loan to actually buy a property.
In this video, I'm going to show you how to buy your first rental property even if you're broke.
Even if you're short on cash, you can still achieve your dream of owning a rental property with these 3 proven techniques.
Whether you're a seasoned investor or just starting, these techniques can help you achieve financial freedom and build wealth through real estate investing.
✅ ✅ If you want to learn how to start investing to eventually purchase your own property, then check out our latest course, Rental Ready Finances, where we help you fix your money so that you can be a real estate investor in the near future!
Link: sharonsean.teachable.com/p/re...
--
► Attend our FREE "How to buy your first rental property masterclass" here: www.goodsweethomes.com/how-to...
Visit our Website! ► www.goodsweethomes.com/
Follow on Instagram! ► / seanlovesrealestate
#realestateinvesting #realestate #realestateinvestor
*Please note that the information in this video is for educational and entertainment purposes only and should not be taken as financial or investment advice. Any investments or financial decisions you make based on the information in this video are at your own risk. The links in the description above may include affiliate commissions or referrals, and I may receive compensation from partner websites.
Good luck finding “deals” in todays market with high interest rates.
It's definitely more challenging than before, but not impossible. Get connected with some wholesalers in your market and check out their inventory to see if anything makes sense.
This is so helpful! Thanks for this video! 🥰
You’re welcome. ☺️
Please do a full video on seller financing🙏 appreciate your videos and tips in real estate!
I’ll look into it. Thanks for appreciating, Bence! ☺️
@@seanlovesrealestate Thank you, Sean! Your vids are gold, although things are kind of different on the other side of the pond (Hungary, Europe). ✌️
This guy is sooo good! Keep up that good work! ❤
Hey! Thank you. ☺️
@@seanlovesrealestate Thank you. This will help me in the future
Very helpful video, thanks for this!
No problem! 🙌🏻
What are your thoughts on taking out a heloc to invest in your first rental property?
It's a popular option for people who are cash strapped! I haven't done it yet though since I like having a lot of equity in my deals.
Great video! Definitely private money would be another great video
Thanks, Yosh! 🙌🏻
i love your vids
Thank you! ☺️
Can you do a video about loans for building??🙏
I can look into it, thanks for the suggestion!
@SeanPan what do you advise me to do. I am not an investor or anything, have a FL home, I owe $380k on and it might be worth $700k at least (roughly $300k equity). Is there any type of loan like “hard money” that I can use to buy a $300k fixer-upper out right and pay them back once I sell my old house? What should I do?
Great question! Most hard money lenders won't give you a loan if you plan on living in the property. What you can do is open a HELOC (home equity line of credit) and use that to help you fund the down payment on another property that you want to buy.
Are all your properties under different LLCs?
Not all of them are separated under different entities. I tend to group my properties by State. You can see a full video of our entity structure here: ua-cam.com/video/X4WM-49W_iQ/v-deo.html
Use me as an example. I have some money and I'd like to invest into a rental property. Guide me through the process.
You may attend our free masterclass. Link in the description. ☺️
2nd
Anyone in here have money and want to partner?😂
You'll have a better shot if you reach out to people in real life at meetups or conferences :)