Real-estate investors who started with little savings share 4 creative ways they bought property - Business Insider
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It's easy for prospective real-estate investors to get discouraged by sticker shock. Many lenders require a down payment of at least 20% for an investment property. With the median US home price hovering around $400,000, that can mean coming up with $80,000 — and that's without factoring in closing costs, repairs, and cash reserves. If you don't have tens of thousands of dollars in cash at your disposal, investing in real estate isn't necessarily out of reach. Business Insider spoke with four investors who found creative ways to use assets they already had — from retirement savings to a paid-off truck — to help finance their first deals. Lucy Zheng borrowed from her 401(k)
Lucy Zheng and her husband bought their first investment property by tapping into retirement funds.
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