0053 How I Purchased 4 Rental Properties, All Under $35,000

A common question I get asked if how did I purchase my rental properties, all which were under 30k, and making more than $900 in rents each month. This was through 4 different products/financing instruments:

1) Conventional Mortgage

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2) Depleting my 401k

3) Titling My Car

4) Personal Loan From the Credit Union.

These aren’t really “normal,” but at my price range, you can purchase great properties at this price in wonderful working class neighborhoods! Please enjoy as I talk about my journey to rental property ownership, especially if you can’t get traditional financing!

Enjoy!
Lisa Phillips

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I use Affinity GM for rental property insurance (AFFORDABLEREI): http://www.nreinsurance.com/

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