The Beginner's Guide to Rental Property Financing in 2024

Summary

This video is a beginner's guide to financing rental properties in 2024. It breaks down different loan types, from low down payment owner-occupied options like FHA, VA, and Conventional, to investment property loans like DSCR. The key takeaway is the "sneaky tactic" of house hacking: using a primary residence loan to buy a property, living in it for a year, and then converting it to a rental to build a portfolio with minimal capital. The speakers also debunk the myth that you need 20% down and explain why owning is often better than renting, even if it doesn't cash flow immediately.