Updated over 7 years ago on . Most recent reply
23 years old and newly married.
My wife and I purchased our first rental property 6 months ago. We acquired a fourplex. We live in one unit and rent out the other three. It has been an incredible learning experience for us and we are looking to really dig deep into multi-family and other forms of passive income. That’s being said, we realize that to achieve our goals in REI we need a pretty significant stream of supplementary income to invest in income properties. We are looking to get started with wholesaling, then transition into fix and flips until we have the cash to purchase another income property with a decent down payment (while looking for seller-financed deals and lease options at the same time). I realize that there are creative way to purchase properties with low and no money down, but I feel that you will generally achieve better cash flow and a more secure investment if you find the right deal and put down a proper down payment. (Please correct me if you disagree).
It’s nice to be apart of BiggerPockets and I look forward to networking with investors who are much smarter and more successful that I!