How to Buy Your First Multifamily Rental With Low Money (Rookie Reply)

You’ve picked an investing strategy, you’ve studied your market, but now you need the money to get started. You’re not alone, as this is perhaps the most common hurdle for rookie investors. But today, we’ll show you how to work around this and get the funding you need, so you can finally buy your first (or next) rental property!Welcome back to another Rookie Reply! This week, we’re tackling three questions from the BiggerPockets Forums. One investor has $250,000 saved but is stuck between strategies in a market where the numbers don’t easily work, while a SoCal investor is trying to find a more landlord-friendly real estate market to invest in. We’ll share the one habit that quietly derails a lot of new investors once opportunities start rolling in, and when “close to home” is a real requirement versus just a security blanket.And our last question comes from someone who needs the actual money to buy his first multifamily property. We’ll share our favorite creative financing options, as well as the two skills any rookie can use to attract potential investing partners! Ahley: Hey everyone, Ashley and Tony here. Happy Labor Day. To celebrate, we are going to share an episode of Bigger...