One of the best parts about buying real estate is that you don't need gobs of cash to get started.

In fact, I would argue that your creativity, your determination, are more important factors than your savings account balance.

All you need to do to get started is to secure a down payment on your first rental property and let the bank

finance the rest. Think about this for a minute. There's no other asset type that you can buy

with the bank's money to grow your net worth and begin creating passive income. I mean, try to do that

with buying gold or try to do that with buying silver. It's not going to happen. The bank's not going to

lend you money to go and do that.

So today I'm going to help you brainstorm a few ways to fund a down payment on your next rental property. If you're ready, let's get into it. Number one, take a loan from your 401k. Now, don't be

scared. The money inside your 401k is yours. There's nothing wrong with utilizing it to make a smart investment

like buying a tangible asset. Now, remember, I said loan, not a withdrawal. This is a loan. You can do

it all day long as much as you want. Here's a few things to take into account when it comes

to taking a 401k loan. Most providers will allow you to take either 50% of your savings or up to $50,000,

right? That's the max they're usually allowing. Like in our company Morris Invest, most of our

build to own rental properties are going to have a down payment of about $50,000. So it's a

perfect number to get started. And then what happens is you'll pay back

the loan directly from your paycheck, including the interest. Did you hear that? You're paying it back

including the interest. So you're borrowing it from yourself. So it's like your own bank. And then you're

paying back yourself with interest. Isn't this the greatest thing ever? I mean,

you're making interest off of your own money on a loan you gave to yourself. Most people don't even

know you can do it. Unlike a 401k withdrawal, there aren't any taxes and fees involved with a 401k loan.

Again, it's your money that you're borrowing from yourself. And it's usually very easy to do when I did my first transaction like this.

Years ago was how I was able to start investing in real estate pretty heavily.

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