Updated about 8 years ago on .
Post First Deal/House-Hack
Hello BP,
I finally was able to get my first deal done a couple of weeks ago! An awesome duplex (that I intend on house hacking) that actually appraised for $10k more than I purchased it for (15% down conventional loan). Hurray for instant-equity. Purchased it vacant but had a tenant screened, vetted and a lease signed within two days of owning the place!
That being said, this is only the beginning. So in hopes to continue scaling up, I wanted to pose this question and hopefully generate some discussion/dialog.
For those of you that have house-hacked (or even purchased your first rental property), you hopefully understand what its like from going from a lot of capital ($) to little after the first deal is complete. So, that being said, what did you do after your first deal to continue growing and purchase your next deal?
I used nearly all my savings + a gift from family to get this first property, so was hoping to hear some successful ways the BP community has gone on to acquire their next deal after the first. I understand a lot of the methodology in doing so, as I have read @Brandon Turner 's book on Investing in RE with Low to No Money down, but I would love to hear your own story.
I appreciate any feedback provided!