🏡 How One Buyer Got Into a $1M Property With Just 5% Down 👀
Welcome to the Down Payment Diaries, real stories, real strategies
This one is all about thinking outside the box 👇
A real estate agent and his wife wanted to buy in Denver but instead of going solo, they teamed up with family
💡 The strategy
They bought a triplex so everyone could live together
Separate units, separate entrances, shared long-term investment
💰 How they made it work
• Purchase price: $1M
• Down payment: just $50K (5%)
• Used commission from the deal to help cover costs
• Negotiated seller concessions to fund a 2-1 rate buydown
🔧 The long game
They put another $70K to $80K into renovations
Plan is to increase value and refinance later to lower their payment
👨👩👧👦 The setup
Only the couple is on the loan
Family members live in separate units and share in equity over time
💡 Why this works
Lower upfront cost
Built-in support system
Opportunity to build wealth together
⚠️ Not for everyone but powerful if done right
🚀 Bottom Line
You don’t always need a huge down payment
Sometimes you just need a smarter strategy
📩 Curious what options you have? Let’s talk
#HomeBuying #RealEstateTips
Read the full article👇️
https://www.realtor.com/living/down-payment-diaries/couple-sibling-house-share-cheap-bargain-money/?cid=eml__1946:66e221571a4446d4e6969d41:rm202604201030_Marketing_Consumer_Daily_EditorialRSSDynamic&deeplinkIdentityId=589ce411-bc81-42d5-aaa4-8755cd5cfdaf
