How to Buy a Rental Property with 5% Down or Less (5 Ways)

You’ve probably heard that you need a 20% down payment to buy a rental property. But for the average rookie, that’s just not a viable way to build a real estate portfolio. Thankfully, you don’t need 20%, 15%, or even 10% in many cases. Today, we’re sharing five ways rookies can work around this by putting just 5% down or less! Welcome back to the Real Estate Rookie podcast! Today we’re sharing five legitimate ways to take down your first or next rental with very little money of your own money. And no, these aren’t gimmicks or loopholes. These are real rental property financing strategies that investors are using right now to buy real estate with significantly less money out of pocket.A couple of these strategies give you a place to live while tenants pay your mortgage. Other creative financing methods allow you to bring as little as zero to the table. There’s even a financing option most rookies have never heard of that actually lets you inherit someone else’s low mortgage rate!Stay tuned as we walk through the pros, the cons, and exactly who each low-money-down strategy is for! Ashley Kehr: You’ve probably heard that you need to put at least 20% down to buy a rental property, but ...