No money down

Can you honestly get started in this business w/o using any of your own money down like all the books say? Who has done it? How did you make it happen?

You can…it ain’t easy.

Back when I started (the dinosaurs had just died off), we still had assumable mortgages around in pretty good numbers. You could assume a mortgage and borrow the equity difference and get zero down.

I can get 100% financing on rentals but I have a FICO around 800 and a good banking relationship. That money costs extra, though (probably another percent-and-a-half or two percent) and then there’s the PMI but I could do it at anytime…

When the dust settles, my properties are all either zero down or low down but not exactly like the gurus say and I do have working capital…