View this post on Instagram

A post shared by Andrew Lewis (@the.real.andrew.lewis)

Investing in real estate can be a great way to generate passive income and build long-term wealth. However, many potential investors are deterred by the thought of having to come up with a large amount of money for a down payment. Fortunately, there are ways to invest in real estate without having to put any of your own money down. In this blog post, we'll discuss three steps you can take to buy a rental property with $0 out of your own pocket.

Step 1: Find a deal

The first step in buying a rental property with $0 down is to find a good deal. This means finding a property that you can buy at a price that is below market value. There are many ways to find good deals, but some common methods include:

• Door knocking: This involves going door-to-door in a neighborhood and asking homeowners if they are interested in selling their property.

• Driving for dollars: This involves driving around a neighborhood and looking for properties that appear to be distressed or abandoned.

• Networking: Reach out to local real estate agents, attend real estate investor meetups, and use online platforms to connect with other investors.

Once you have found a good deal, it's time to move on to the next step.

Step 2: Find a partner

The next step is to find a partner who is willing to invest in the property with you. This could be a family member, friend, or someone you meet through your networking efforts. The key is to find someone who has the capital to invest in the property and is willing to do so in exchange for a share of the profits.

When you find a potential partner, you will need to present them with the deal. This means providing them with information about the property, including the purchase price, estimated repair costs, and potential rental income. You will also need to negotiate the terms of your partnership, including how you will split the profits.

Step 3: Close escrow

The final step is to close escrow on the property. This involves creating an LLC and buying the property with your partner as 50/50 owners. This means that you will both share in the profits and the responsibilities of managing the property.

It's important to note that buying a rental property with $0 down does require some hard work. You will need to put in the effort to find a good deal and convince a partner to invest in the property with you. However, the rewards can be significant. By investing in real estate, you can generate passive income, build long-term wealth, and achieve financial freedom.

In conclusion, buying a rental property with $0 down is possible if you are willing to put in the work. By following these three steps, you can find a good deal, find a partner, and close escrow on a property that has the potential to generate significant profits. So why not start exploring your options and see if you can find a way to invest in real estate without having to put any of your own money down?