Learning the ropes

[Julian Perez]

Hi, I'm new to the real estate investment community. Currently going thru everything Bigger Pockets has to offer. Looking to learn more about investing in multifamily rentals (2-4). Any guidance on how to get that first deal done is greatly appreciated it.

[Kerlous Tadres]

Hey @Julian Perez, from my experience, getting that first 2-4 unit deal done is more about strategy than luck. I’d focus on a property that cash flows from day one, even before any upgrades. Look for ones with light cosmetic fixes that increase value quickly. Make sure your CORE 4 is ready: lender, contractor, property manager, and attorney. I’d also say digging for off-market opportunities, driving for dollars, networking with other investors, or talking to motivated sellers usually beats listing sites. Lastly, run your numbers with realistic rents and expenses, not just asking prices.