We Bought Our First Rentals with Almost No Money (Here’s How We Did It)
Summary
This article shares the experiences of rookie real estate investors Ashley and Tony, who bought their first rentals with minimal funds. They discuss building a team, selecting a market, and navigating the due diligence process, highlighting how action and learning are more important than perfection.
Key Insights
- •The article emphasizes that new investors can succeed even with limited funds and experience, focusing on action and learning through the process.
- •The importance of building a team with an agent and lender early in the investment process is highlighted.
Action Items
- ✓For those just starting, focus on taking action and finding your first deal, even if the details of your buy box are not completely refined initially.Effort: lowImpact: medium
Tools & Resources
- →Agent Finder and Lender Finder: The article mentions BiggerPockets' Agent Finder and Lender Finder as tools to help connect with investor-friendly professionals.(BiggerPockets.com)
Common Mistakes
- ⚠The article points out that not having a buy box can lead to investing in properties that aren't the best fit for your strategy. It's better to refine your buy box as you learn and analyze.
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Curated by Learn STR by GoStudioM