top 3 reasons why getting your first rental is the hardest

[Randall Re II]

There are a few reasons why getting your first rental property may be challenging:

1. ➡️Lack of experience: 
2. If you are new to real estate investing, you may not have the necessary experience to navigate the process of acquiring a rental property. This can make it difficult to find a property that meets your investment criteria, negotiate the terms of a purchase, and manage the property effectively once you have acquired it.
3. 
   ➡️Limited funds: 
4. Buying a rental property requires a significant investment of capital, and many first-time investors may not have the necessary funds to make a down payment or cover the closing costs. This can make it difficult to compete with more established investors who have more financial resources.
5. ➡️Competition: 
6. The demand for rental properties is often high, particularly in desirable locations, which can make it competitive to acquire your first property. This can make it challenging to find a property that meets your investment criteria and fits within your budget.

Don't give up. We all start somewhere.