How To Buy Rentals On A Low Salary | Bigger Pockets Video
Episode #1181
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This is how to buy rental properties on a lower salary ($50,000 or less per year) in six steps.
If you think you need to be rich to buy rentals, you couldn’t be more wrong. In fact, real estate may be the best investment for those who want to go from low income to financial freedom. You can grow your portfolio faster by using loans, get cash flow that can retire you early, and even make hundreds of thousands completely tax-free.
We’re going to share multiple strategies you can use on a lower income to get your first property for as little as 0% down.
Dave is also highlighting three real estate investing strategies that beginners with little money can use to maximize their investment the most. This means you could turn one investment property into multiple, supercharging your investment so you can repeat it and become wealthier faster, regardless of how much you make at work.
Listen, you DON’T need to make six-figures to buy your first property. This is how you do it with half of that.
0:00 Invest on Lower Income!
2:58 3.5% Down FHA Loan
6:08 Low Money Conventional Loan
7:29 Find a Money Partner
10:22 Seller Financing (No Banks!)
12:25 Down Payment Assistance Programs
13:32 0% Down Loan (Military)
14:20 0% Down Loan (Non-Military)
15:52 Best Low-Income Strategies
16:44 House Hacking
18:02 Live-in Flipping
21:01 The BRRRR Method
23:55 1. Talk to a Lender
27:41 2. Know Your END-Goal
31:02 3. Start Learning and Researching
33:17 4. Find Properties and Start Analyzing
37:05 5. Make Offers
37:53 6. Repeat and Build Wealth!
