How to Buy Rental Property with No Money: A Step-by-Step Guide

In this video, we will go over how to buy rental property with no money. A step by step guide. Make sure to check out DoorLoop today: https://go.doorloop.com/free-demo-buy...

When buying a personal residence, the down payment typically ranges from 10% to 20%, depending on the current market conditions. However, when purchasing a property specifically for rental purposes, a larger down payment is usually required. In such cases, the minimum down payment can start at 20% and may even go as high as 30%. Nevertheless, there are alternative resources available that can potentially replace the need for a substantial down payment, depending on your specific circumstances.

These alternatives vary and can include leveraging other properties you own or utilizing connections to secure financing. Each situation is unique and may call for different approaches, allowing you to potentially acquire a rental property with little or none of your own money as a down payment, depending on the method chosen. Check out our blog to learn more: https://go.doorloop.com/buy-rental-pr...


0:00 Welcome!
1:39 Turn your primary residence into a rental property
2:24 Multi-Unit home
3:00 Use a HELOC (Home Equity Line Of Credit)
3:37 Partner with a co-borrower
4:11 House hack
4:31 Use a rent-to-own program
5:24 Get a hard money loan


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Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.

Category: Property Management