Real Estate Investing w/ Chris Steele & Pat Foy
Good Afternoon! Welcome to Seattle’s Eastside Real Estate Podcast. The Podcast Dedicated to living and working on the Eastside. It’s Wednesday September 22nd and we are live on facebook and youtube. Please feel free to comment and share. If you are listening to our recorded version on youtube, google or apple podcast, please make sure you subscribe and rate our podcast.
Today we will be welcoming Chris Steel & Pat Foy from Beachwood properties and Investments to discuss Investing in Real Estate from flipping homes to Multifamily investments.
First let’s start with some Real Talk and discuss one of the most common myths in the real estate industry- Is a 20% Down Payment Really Necessary to Purchase a Home?
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle.