cover of episode 590: From Struggling Renter to Cash Flowing Landlord Using $0 Down Loans w/Andre Haynes

590: From Struggling Renter to Cash Flowing Landlord Using $0 Down Loans w/Andre Haynes

Publish Date: 2022/3/31
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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    <p><a href="https://www.biggerpockets.com/blog/2014-10-18-invest-real-estate-no-money-down"><strong>No money down real estate investing</strong></a> usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can <strong>secure cash-flowing rentals without putting a dollar into the deal</strong>. Even more astounding, today’s guest <strong>Andre Haynes</strong> was <strong>paid a few thousand dollars to buy his first rental</strong> property. He shares his exact steps on how he did it on today’s show!</p><p>While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had <a href="https://www.biggerpockets.com/blog/no-credit-bad-credit-fix-finances"><strong>no credit</strong></a><strong>, no cash, was faced with eviction notices</strong>, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was <strong>a hard, yet incredibly valuable, climb upwards</strong>.</p><p>Now, only a short time later, Andre has <a href="https://www.biggerpockets.com/blog/build-real-estate-portfolio-fast-the-stack">built a<strong> real estate portfolio</strong></a><strong> worth over a million dollars</strong>. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this<strong> easily repeatable process</strong> on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.</p><p><strong>In This Episode We Cover:</strong></p><p><strong>How to invest </strong>when you come from an upbringing that<strong> lacks financial literacy </strong></p><p><strong>Giving up on your “dream”</strong> so you can pursue something much greater</p><p>Andre’s<strong> 5-steps to get your life together</strong> and how you can start using them today</p><p>Practicing <a href="https://www.biggerpockets.com/blog/study-shows-patience-pays"><strong>delayed gratification</strong></a> and how simple sacrifices pay off big in the long run</p><p><strong>The </strong><a href="https://www.biggerpockets.com/blog/real-estate-investing-no-down-payment-loans"><strong>zero down loan</strong></a><strong> program</strong> that Andre used to build his real estate portfolio</p><p>The importance of <strong>becoming a real estate investor</strong> before you buy your first property</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show:</strong></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://www.biggerpockets.com/agent/match">BiggerPockets Agent Finder</a></p><p><a href="https://web.cvent.com/event/a9286e8f-8766-4903-aadb-7b674caf3bf8/summary">BPCON 2022</a></p><p><a href="https://www.naca.com/">NACA (Neighborhood Assistance Corporation of America)</a></p><p><a href="https://www.mls.com/">MLS (Multiple Listing Service)</a></p><p><a href="https://www.realtor.com/">Realtor.com</a></p><p><a href="https://www.zillow.com/">Zillow</a></p><p><a href="https://www.richdad.com/about/rich-dad-events">Rich Dad Poor Dad seminar</a></p><p><a href="https://www.airbnb.com/">Airbnb</a></p><p><a href="https://www.vrbo.com/">Vrbo</a></p><p><a href="https://turo.com/">Turo</a></p><p><a href="https://www.peerspace.com/">Peerspace</a></p><p><a href="https://www.youtube.com/playlist?list=PLQHh1sNNGizAe-3v7x1vYY0wODU1yyWqK">The Landlord Life YouTube series</a></p><p><a href="https://www.youtube.com/watch?v=vfx4vibiBDE&amp;list=PLQHh1sNNGizAe-3v7x1vYY0wODU1yyWqK&amp;index=30">Landlord Life Season 3 Episode 2 with Henry Washington</a></p><p><a href="https://therenaissanceu.com/shop/">Mindset Matter Merch (No books here)</a></p><p><a href="https://www.instagram.com/thehenrywashington/">Henry Washington's Instagram</a></p><p><a href="https://www.streetartbio.com/artists/kaws/">Brian Donnelly's KAWS</a></p><p><strong>Connect with Andre:</strong></p><p><a href="https://www.instagram.com/renaissance125/">Andre's Instagram</a></p><p><a href="https://therenaissanceu.com/">Andre's Business Website</a></p><p><a href="https://www.youtube.com/playlist?list=PLQHh1sNNGizAe-3v7x1vYY0wODU1yyWqK">The Landlord Life YouTube series</a></p><p><br></p><p>Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590</p>
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