How to Buy a Rental Property with 5% Down (Sneaky Tactic)

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Title	:	How to Buy a Rental Property with 5% Down (Sneaky Tactic)
Lasting	:	12.10
Date of publication	:
Views	:	228 rb

If I bought a property in Nov 2024, with 5 down, do I have to wait until November 2025 to buy another property?
Comment from : @missuniverse8931

What books on this subject?
Comment from : @therev9110

spent 90 explaining how not spending tons of money for a down payment and never really said HOW to get the 5 loan I talked to my loan org and asked about this He said this isn't a thing at all and just youtube lies for clicks
Comment from : @GK-gr8gc

You are absolutely right I now have a contract on one for 200000, putting 5 down I'll stay in it for two years either for a good flip or rental
Comment from : @grubthomas4826

How would I start if I have a home already (cant move out) and want to start a investment property without having to move into for 2 years?
Comment from : @Kevin-di1vs

I don't see why this can't work on turn key houses lol
Comment from : @Shepherdservices317

great strategy but concerned how does this play with a family (wife and kids) Not sure my wife wants to move from houses every year or live in a MFH unit Can this be used for SFH?
Comment from : @michaelgermano5834

ive never seen a youtuber with over 1 million subscribers and over 200,000 views with 0 likes
Comment from : @brandonmiller-zk1xf

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further Foreclosure becomes likely if they can't afford the house, and selling won't yield profits With anticipated layoffs and rising living costs, many individuals may face this situation
Comment from : @AnnieHolsen

I have a family and want to get in RE investing but how do I get away with the requirement though I live in my primary currently and want how to buy another one to move in and rent out the current property Approved for conventional, they want my next house to be same or more size such as # of bedrooms, bath, and sf This is a big obstacle that stop me from finding a match or bigger property with my price range Thoughts?
Comment from : @ChaYang-y5f

Is this possible even with a 11 million dollar property ?
Comment from : @alexstraz

Only problem is if you’re forced to live in an area (baby mama) which is so incredibly overvalued that you can’t make anything cash flow 😅
Comment from : @ryanantonellis1335

You know I'm doing this already on my primary residence No one is talking about insurance! You have a regular HO-3 insurance policy so what if the insurance company does a search on the web of your property and finds out you are advertising your residence for rental? I know I know you can do what you want with your rooms in the house, but can the mortgage company call your loan? Can the insurance company cancel your policy if they find out you're renting the rooms out? Mine almost did when I inquired into it and I said I wasn't doing it just thinking about it There is no liability if the roommates/renters or their guests get hurt on your property and the insurance may not pay out if you didn't tell them you were renting It's a risk guys,but it's worth it
Comment from : @michellewilson6575

Does the bank in the US allow you to use rent to cover your mortgage fully if the rent covers the monthly mortgage payment? the reason i ask this is because in canada, even if the rent covers the monthly mortgage payment, the bank will only give you about 1/3 of the mortgage, the rest will need to be covered by your salary so keep buying property and renting out become extreme difficult
Comment from : @alanwelson7705

Why not just use the Fannie mae loan
Comment from : @danielstringham4352

I talked to a realtor and they told me you cant get a down payment under 15? What am I missing?
Comment from : @tongvang724

Hi Do you use people good credit score to apply loan for investment property Or recommend me who does
Comment from : @doublevillageman

Did he just say 6-7 interest is a historical low?🧐
Comment from : @isaiahmeyre5628

Can this be done if you already have a primary residence with a 30 year mortgage? How can it still be done?
Comment from : @TiffanyBarnish

How does the government or bank know whether you're living in it or not?
Comment from : @blurglide

Do lenders go after you for a 3 down-payment and not living at the property?
Comment from : @franklinreyes2313

Dude! Mind Blown I love my veggies!!!
Comment from : @neerajchaudhary1821

One thing they should address is the significantly higher mortgage payment when you put 5 down If you have a high mortgage and still have to pay to renovate the house, it is very possible your expenses will exceed your income (if you are a moderate wage earner) Also, if you turn a single family into a multi-family you will pay more in property taxes When you do end up renting it out, if the rent(s) don’t exceed the costs (mortgage, vacancy, cap ex, shared utilities etc) you may still be coming out of pocket after you movebrbrMy point: this approach is conceptual, you must run the realistic numbers to see if it will make sense
Comment from : @lolabrownphd

What about those who are already living in their primary residence?
Comment from : @davidkraemer7944

Putting less than 20 youre not making shit for cashflow
Comment from : @Barbaris369

never actually get to HOW to buy the investment property only 5 down
Comment from : @michaelpaul5801

$100,000 out of pocket… or $25,000 out of pocket… NET Cash flowing WHAT $300/ monthbrDo the math… you break even / get your out of pocket cash back in what 4 million light years?brOh no… let’s refi when the property appreciates…brNONE Of the mature investors factor appreciation in 3/ year…6/year … no mature investor counts thisbrSo you BRRRRRRRRRRRR… when in x years… sure only if the property has appreci… Ooops there’s that word againbrSo now you have a property with how much equity ?… And you’re going to take the cash out to buy another property and just dig your hole deeperbrbrI was a Short Sale Processor for one of the big banks…brYou’re already on my list
Comment from : @SOLDbyYOU

“ I’ve got my partner”… Is this actually a day to day biz partner… or a mortgage broker that paid to get on the interview?brbrYes my comments are not happy ones…brThe market is absolutely FULL…SATURATED… With sharksbrI was taught… AFTER …ALLALLLALLLLL COSTS… INCLUDING REHAB COSTS IF you don’t see 20 equity IN…THE…DEAL…it isn’t a whole sale deal… it’s a retail dealperiod
Comment from : @SOLDbyYOU

“ virtually”:( which means mostly not) guaranteed As long as ( which means that your miles may be zero) right locations… are locations defined ?
Comment from : @SOLDbyYOU

Half way through still no real info
Comment from : @kithkin01

Incredible Thank you
Comment from : @huntgoodstuff

I’m 18 wanting to buy a house as a rental but live in it for a few years any tips this would be my first time buying a house/rental
Comment from : @MasonLee3155

This video has to be a joke right?
Comment from : @tingles3091

Adding a dwelling unit is not a ordinary thing to do zoning laws wont allow you to do that He's talking about a unicorn that's not the common find I agree with him on putting that $ into improving them
Comment from : @joefar75

Hello all , does this work on new build 4 plex as well??
Comment from : @josephmulero3962

What’s best and cheapest out of pocket financing to buy land and build a house to either live or not in it with one or two ADU’s?
Comment from : @MariaZapata-ii1ov

In Explore the nuances of real estate investing and uncover the secrets to wealth creation
Comment from : @rumahjakartabekasidijual

Hi David, Been watching and listening for a long time Can you do a detailed episode on 1031 exchanges Pros, cons and all the nitty gritty details and ins and outs how you 1031 into a new build ie Lennar or DR horton build what if you 1031 down instead of the usual up (as in 1031 to getting more units and bigger deals) it would be great with a lot of examples too Thank you!
Comment from : @EnjoyLifeFC

What if I’m not in a position to live in one of the units (young kids/family and I’m investing out of state) if a multi-unit investment house? Is there any way I can still take advantage of the 5 down What are the terms for “living in the residue se”? What if I just keep one of the units unoccupied for when I’m in town?
Comment from : @Billythekid-t1l

What happens if you dont really move into it ?
Comment from : @antoniogiannini9049

I was told, we need to pay taxes on rental income before mortgage payments Might end up losing money here
Comment from : @LegendPortal007

I’ve done a couple rentals this way and I Don’t like this video for a couple reasons brLeverage is highbrNo mention of PMIbrIt’s mortgage fraud if you lie to the lender about your intentionsbrImportance of heavy cash reserves, especially in todays market
Comment from : @andrewsandstrom7694

Or whatever the numbers are, lol
Comment from : @jerrylancaster4386

That might be in the US Here in New Zealand you need 20 for a residential property and up to 50 for investment propertybrThe cheapest house in the country is 350k and salaries $60k a year
Comment from : @richardvandenberg6379

I have like $200k in equity in my house right now, after my tenants move out this coming April, any suggestions on the best way to invest? With the DSCR loan option or FHA or Conventional? brand are TurnKey rentals a good investment to get into? They are all set with tenants ready to goidk any recommendations thanks!
Comment from : @MrBudimus

Ok so what about PMI?
Comment from : @dumpsterfire6351

Yeah but the problem is what happens when you have no tenants to pay the rent?
Comment from : @23e445

Who wants to move every year That's don't make sense also debit to income to get these properties don't conventional go in your name and not an LLC?
Comment from : @tarahall331

Can't imagine how many people are going to try this and find out the harsh realities of zoning laws, permitting, etc Not to mention getting blacklisted for trying to bail before FHA loan has seasoned
Comment from : @mytuberforyou

The first problem is buying an $500,000
Comment from : @jaywills4334

Just do the DSCR loan
Comment from : @jaywills4334

Missed about 24 months of equity😂
Comment from : @jaywills4334

We didn't share it because we knew our listeners were just not going to do it brWhy in the world would you subscribe and listen and invest in you Makes mebrRealize that most people like yourself are only here to helpbrYourself
Comment from : @amyoneelse

Lost me at historically low and 6-7 😂
Comment from : @FunWithGuns

Buying houses as primary house with intention to convert it into a rental immediately, after few months or after 12 months is a fraud All lenders ask you to sign a document that you are buying the property as your primary house Instead lying intentionally is violation and you may end up losing the loan, house, fine or even jail
Comment from : @atulrastogi4836

Or, you could utilize creative finance and buy as many properties as you want
Comment from : @jakevillaret

6-7 is now low interest? If you purchase with such a low down payment and take a 6 loan, you better bet you wont have the income to cover the mortgage House prices have NOT come down enough to compensate for the high interest
Comment from : @RandomYoutuber1023

How is this sneaky? I’ve done conventional with 5 down on all of my rental properties In this day and age it doesn’t work as well because rates have gone up so now I add a bathroom etc which results in almost the same cost and the same cash flow as if I had just brought the 20 downbrI fail to see how this is sneaky or earth shattering This is just common knowledge and not always the answer to what you’re seeking which of course is cash flow
Comment from : @SelfMadeConservative

So I bought my first property before Covid for 250k at a 3 interest rate and it has grown in equity since I want to rent out this house and try to qualify for another mortgage loan to get a second property I only make about 60k a year Any advice or direction on how to accomplish this? Based off the video if I’m understanding correctly if you rent your house it turns into income instead of debt when they calculate DTI Any advice would be much appreciated!
Comment from : @tommynguyen6889

Hi i have heard so many podcast on pandora your podcast to be exact i love all the info thank you
Comment from : @smilexa

If your income doesn’t go up significantly in this time your buying power is still limited They add 75 of the rental income to your income but require 2-3x the mortgage payment on your income so each time you get a new property you have less buying power Also, there are conventional loans that allow you to put 5 down on a property so you don’t necessarily need to do it this way unless you are using an FHA loan
Comment from : @alexkimball6118

Ok I can see this working but all I been able to find on conventional loans that give you 5 you have to keep it as your primary so how does that work for the next one, refinancing ?
Comment from : @cesarrios2880

Loved this However, wouldn't you say with the high interest rates, it's kind of digging into that "low" entry down payment? I'd say over time it probably ends up being 10-15 or more with the astounding interest rates But I still loved the video and hope to get real estate of some sort this year Hopefully through creative financing
Comment from : @daltonevans8442

I turned my condo into a rental I purchased low, and now I rent it out I would like to purchase a duplex, but if you get a primary property in another city You have to be a 100 percent remote employee, or plan tomove there
Comment from : @TheLovely990

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government Especially with the current economic crisis around the word This is still a good time to invest in various stocks, Gold, silver and digital currencies
Comment from : @susannnico

This is basic bitch education
Comment from : @libertyordeath3362

I appreciate you! Thank you for sharing your knowledge on the subject
Comment from : @rubengonzalezjr6100

Isn't this a dangerous method to get into debt?
Comment from : @JayLupe

What time does this show come on?
Comment from : @msmoenergydet

Good luck in NYC or Cali
Comment from : @daajewwish123

Also banks won’t lend money on home that needs a lot of work How do we get passed that?
Comment from : @adanr150

Do you have to pay the house of in a year before you finance another 1?
Comment from : @adanr150

Hold up! Some of those mortgages require you to stay in the house for a period of time and if you move out that would be considered a violation of your mortgage agreement If you don't tell them (read, sneaky) thats mortgage fraud and you may find yourself in a bad place
Comment from : @MrVirus9898

They just lost me with 6/7 interest are still historically low 😂 what a joke
Comment from : @iguard3340

This is how im going to afford my 10 acre compound
Comment from : @dwightkschruteiii8454

Lol Not the best video to post during the worst real estate buying opportunities ever 🤡
Comment from : @angusamongus7566

I can't believe you quoted Dave Ramsey while talking about leveraging debt 😬
Comment from : @NinersRingingIt

Can somebody please tell what is this? I get lost no matter how many times I watch it Is he talking about BRRR? Sounds like it Is it another way to call it like that? Thank you
Comment from : @Tips_From_Rich

Yep, if life was perfect like that!!!
Comment from : @davemeraz5117

Do you have any videos on how to properly convert 1 unit into 2 or 3 and or ADU additions?
Comment from : @Immarcomurillo

How can you get a mortgage for a primary residence when you already have one ? 🤔
Comment from : @rafy600

Is this possible for group homes
Comment from : @noblebeautycosmetic8936

Would you need to start a business first?
Comment from : @marcoh0udini

That’s sounds good But what if you have small kids? Are we supposed to move every year? Change schools ?brThat’s my only concern on this…brHelp?
Comment from : @danielnabingersilva6211

This works great on the first home and maybe the second However if you plan to get an agency loan each time you will end up having a DTI that is too high to qualify for the next purchase Even with the rental income
Comment from : @ericjeanette-homefinances2510

This episode was very confusing compared to others
Comment from : @greenhawk655

This is awful advice well meaning but also terrible You are saying leverage up infinitely , with the thinnest of margins
Comment from : @bentonx9063

Whats an adu
Comment from : @Mike_Affholder

most banks I have tried automatically close doors to wealth I'm in Iowa super hills have eyes How do I get around banks that discriminant
Comment from : @rickysandoval2166

Awesome suggestions!! So a LLC isn't necessary in your eyes? I ask this because I've been told that you can only do this under your personal name I also heard about moving properties to a LLC after purchase if the mortgage company allows it Do you suggest this method?
Comment from : @arielleb8937