How To Buy Your First Rental Property With No Money Down
Another option for buying an investment property using little money down is by assuming the seller s current mortgage also called buying subject to in a subject to deal you buy a rental.
How to buy your first rental property with no money down. Another idea to buy a rental property with no money down is to borrow money from your current residence. Credit mentorship fix your credit and get 100k in funding. You can even take out a heloc on an investment property. Home equity lines of credit helocs are especially useful for this. Buying a home with no money down is easily attainable if you know what to do.
You secure a line of credit against your home and you draw on it as you need it and pay it back with rental income. If you find a rental you d like to rent out and possibly purchase in the future then leasing with an option to buy is perfect for you.