95: Buying Your Next Home with This Often Overlooked 0% Down Loan
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When most people think of USDA loans), they tend to think of farmland or some very, very rural house in the middle of nowhere. While this can be the case for many USDA loans, it isn’t the standard for all of them. As today’s guest Holly Barrett) describes, USDA-applicable properties can be outside city centers and just a bit rural.

Not only that, these loans provide homeowners with the chance to** get a **0% down loan)! This is exactly what Holly did with her first home, later turning it into a rental and finally selling it to make room for some higher cash-flowing properties. She’s also used **SBA loans to purchase a **commercial property), which has helped her lower the upfront costs needed for acquisition.

Now, Holly has properties close to Chattanooga, centered around a “cool area” as she likes to call it. She’s making her** transition from **long-term rentals to short-term rentals) and is excited to see what her new profit margins are like once her properties go live on Airbnb. 

In This Episode We Cover

**Using **USDA maps) to see whether or not a potential home is eligible for a 0% down loan

Live in flips and using them to get tax-free flipping gains

When you should use a 1031 exchange intermediary)** **

Switching from **long-term rentals to short-term rentals **

Funding a commercial property acquisition with SBA loans)

What investors should look for in an agent and the top questions to ask

And **So **Much More!

Links from the Show

Real Estate Rookie Youtube Channel)

Ashley's Instagram)

Tony's Instagram)

Real Estate Rookie Facebook Group)

MLS)

USDA Maps)

USDA)

BiggerPockets Podcast)

BiggerPockets Real Estate Rookie Podcast)

BiggerPockets Calculator)

Airdna)

Vrbo)

Airbnb)

Zillow)

Loopnet)

America's SBDC)

SBA Loan)

Realtor)

Rookie Podcast 81: David Greene on Where Rookies Go Wrong When Looking for an Agent)

Relay)

Clubhouse)

The US Chamber of Commerce)

Check the full show notes here: https://www.biggerpockets.com/rookie95

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