Get Started in Real Estate with Less Than 20% Down

In Episode 77 of the Real Life Planning Podcast, Vekevia Tillman-Jones, CFP®, MBA, breaks down how you can become a real estate investor without needing the traditional 20% down payment. She walks through FHA vs. conventional loans, key differences in mortgage insurance, and how your credit score and debt-to-income ratio affect your options. Whether you're considering house hacking or investing in a multi-family rental, this is a must-listen for first-time buyers who want to start building wealth without waiting years to save."You might be able to get started in real estate sooner than you think—if you know what loan options are available to you." — Vekevia Tillman-JonesThis week on Real Life Planning Podcast:💡What are the differences between FHA and conventional loans? [00:00:27]💡How does your credit score impact your eligibility for low down payment options? [00:01:13]💡What’s the real deal with mortgage insurance (PMI vs. MIP)? [00:02:08]💡Can you house hack a multi-unit property with one of these loans? [00:05:30]💡 Why putting less than 20% down doesn’t mean you have to delay investing [00:06:33]Takeaway Quotes:"With the right loan, you could buy a four-unit property and start house hacking with just 3% down." –Vekevia Tillman-JonesConnect with Real Life Planning:Facebook: https://www.facebook.com/reallifeplanningLinkedIn: https://www.linkedin.com/company/real-life-planningX: https://x.com/cynthiameyer_ff​Instagram: https://www.instagram.com/rentalpropertyclub/Real Life Planning on Bigger PocketsPinterest:https://www.pinterest.com/reallifeplanningEmail: [email protected]  The ReaL Life Planning Podcast  is for educational purposes only. None of the information discussed is intended as investment, tax, accounting, or legal advice, nor as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, real property, or other securities or non-securities offering. Real Life Planning, LLC is an Investment Advisor registered with the States of New Jersey, New York, Texas, Virginia, and California. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or completeness of, any description of securities, markets or developments mentioned. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, REALLIFEPLANNING.COM.