Neel DhingraLeader - Forward Academy.

How to Buy Your First Rental with Small Money

10 Oct 2022

Watch on YouTube

You can buy a primary residence with 3% down, live in it for a year, then convert it to a rental while buying a new primary residence. This strategy lets first-time buyers build a rental property without needing a large down payment.

Questions this video answers

3% down

One full year

Here's how you can buy your first rental property with really small down payment. If you don't already own a home, you can go ahead and buy your first primary residence and put as little as 3% down. You only have to live in that property for one full year and then you become eligible to buy a new primary residence. That first property you purchased can now become your first rental property and put you on the path to building long term wealth through more real estate.

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