259: No Down Payment? No Problem! Three Creative Financing Options to Consider w/Pooja Jindal

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 8 February 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When you’re ready to invest in real estate but don’t have the money readily available, that can feel like a full-stop roadblock. But there are ways around your down payment doubt. With thoughtful market research and a bit of creativity when it comes to your financing, you can gain confidence and get started. These are two of the key components of Pooja Jindal’s investing method. After her primary residence became a long-term rental property, she caught the bug and bought another property, and then another, and several more after that. Over the years, Pooja developed a system that helps her choose, evaluate, and invest with confidence and clarity. In this episode, Pooja covers everything you need to know to stop stalling and start investing. She highlights the importance of building a community, different ways to do the money math, managing rental properties from a distance, staying motivated and setting investing goals, and getting creative when traditional financing isn’t enough. Whether you’re searching for your primary residence, a second home, or an investment property for short or long-term rentals, Pooja’s advice will help kick-start your real estate journey. In This Episode We Cover How data analysis can help you gain confidence and get started The importance of building a community and learning about the process When you may want to consider expenses before cash flow How to get creative and come up with a down payment Why Pooja prioritizes long-term, generational wealth over current passive income Using property management software for tenant screenings, applications, and more An app that can help with short-term rental data analysis And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Ashley's Instagram Tony's Instagram AirDNA Avail BiggerPockets MLS On The Market Podcast Real Estate Rookie Facebook Group Redfin Seeing Greene: How to Get Around High Down Payment Requirements The Real Estate Rookie Podcast The Real Estate Podcast Trulia Zillow Connect with Pooja: Pooja's BiggerPockets Profile Pooja's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-259 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 259.
0:05.1	I think what was really interesting and what I think is so important that not a lot of people
0:10.0	realize is that let's say I want to buy a house. It could be a primary residence or a second
0:15.6	home or an investment property. Sometimes when we don't have the money available readily,
0:21.1	that can be a blocker. And people just get demotivated by that and they don't take a step forward.
0:27.6	But if one is creative with their financing, they could make the situation work. It is very
0:32.8	important to know what access you have to your financial accounts and how you can utilize it.
0:39.0	My name is Ashley Care and I'm here with my co-host, Tony Robinson.
0:43.2	And welcome to the Real Estate Rookie podcast where every week, twice a week, we bring you the
0:47.6	inspiration, motivation, and stories you need to hear to kickstart your investing journey.
0:52.1	And I want to start this episode by shouting out someone by the username of D pencil.
0:57.2	And D left a five star review on Apple Podcast. It says, I'm honestly a little reluctant
1:03.3	to give a five star review because I don't want everyone to know about the Rookie podcast.
1:07.5	This way I can keep you all to myself. I look forward to the new releases so I can keep
1:11.8	absorbing all of the great information from you all and your guests,
1:14.8	cheers from South Carolina. Well, D we appreciate you. And if you were a part of the Rookie audience,
1:20.6	the Rookie community, and you haven't yet left us a five star or honest review, whatever you feel
1:25.7	we deserve, please do leave us one. The more reviews you get, the more folks who can help and
1:29.9	helping people so we're all about here. So Ashley Care, what's up? How are you doing today?
1:33.8	You know what? I feel like you always ask me because you just transition right into that.
1:37.8	But let's ask you first this time. What's up with you?
1:42.1	What is up with me? Well, as of this recording, we're like a few days out from Christmas,
	...

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