Secrets to Down Payments
Manage episode 455351274 series 3375610
Learn the secrets of down payments for real estate investing in Salt Lake City.
This class is Module 13 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- Why focusing on down payments is short-sighted and what you should be focused on instead.
- The two primary ways to address down payments; it is not just about generating down payments.
- Will it work for me? How to apply these strategies to your unique situation.
- What’s the median down payment for a house by US state?
- According to the National Association of Realtors (NAR), what are the top sources of down payments for buyers with transactions in 2023?
- How do we eliminate or reduce the need for down payments altogether?
- One (obvious) way to reduce down payments... and the little known, but nasty little problems that method creates instead.
- What price range of properties will give the best cash flow, lowest hassle, best appreciation and best liquidity?
- Even though we’re not in a strong seller’s market right now, what are some tips for reducing the need for down payments to utilize if we find ourselves in a strong seller’s market again in the future?
- What are the best low and nothing down loan programs to reduce the need for larger down payments?
- What are the nothing down financing options we could utilize?
- 12 powerful strategies to produce the down payments we need to invest in real estate.
- Why we strongly recommend you don’t utilize the first strategy for come up with down payments.
- The dirty little secret about your tenants that could help you with down payments in a pinch.
- How to “rob from Peter to pay Paul” when you’re in a pinch and why this is not the ideal strategy to generate down payments.
- How to tap into existing property equity to generate down payments to buy your next property... and what to watch out for when utilizing this strategy.
- How to utilize “rate and term” refinances—not something typically associated with creating down payments—to create some down payment money.
- What two things must you consider when borrowing money to generate down payments for buying new properties... and when should you walk away from the idea knowing you made the right decision?
- How to utilize depreciation to fund your next purchase?
- Tapping retirement accounts for down payments.
- Tapping family members for down payments and one little tip that moves providence with you when utilizing family members for down payments.
- Spinning cobwebs into cash flow by converting unwanted items into new streams of money.
- Learn how to moonlight for mortgages by earning extra money to generate down payments to start and strengthen rental property cash flows.
- Why house hacking, short-term rentals, and student rentals are like a profitable, part-time side hustle... and how to utilize them to generate down payments.
- Why starting a fixer upper business could be your golden road to down payments for real estate riches.
- Down payments by partnering for real estate profits.
- Generating down payments from rents on existing properties.
- The magic of utilizing option fees as down payments and how to get previous properties to completely fund the purchase of your next investment property.
- Mixing and matching to maximize speed and profitability.
- Plus much more...
Check out the video and additional resources related to Secrets to Down Payments.
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
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