How did u get into investment properties? Did u have 20% in hand? Did u do BRRRR? Appreciate hearing ur journey and perhaps network. Thanks beforehand.

I work as a project manager in NYC, did FHA on a multifamily in Newark NJ and inherited the tenants (nightmare) after all problems I finally got them to pay rent on time (reason why the seller sold the property, they weren't paying him). I lived there for a year and moved. What I've learned so far is to keep things professional not personal.

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I house hacked my first property and then eventually moved out and rented it out to a family. Bought a second house and lived there for 7 years and then rented it out when we bought our ‘forever’ primary home. Eventually sold the first and second homes and used those proceeds to buy a beachfront home for vacations and short term rentals. That went so well that we bought a tear down and built another beach home.

First house 5% down
Second house 10% down
Third house 20% down
Fourth house 20% down
Fifth house 20% down

All mortgaged as primary homes or second homes.

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I don't believe any bank would have lent to me unless I had 40-50% cash for investment property. Even so, 20% down is way, way too low, especially in this "higher" rate market.

I adamantly disagree with this stance. Not only is this not an efficient use of capital, but one of the best parts of real estate is the multiple method of obtaining financing. While taking on too much leverage can be a problem if you don’t know how to manage it, nothing wrong with going under 20%.

Has the higher interest rates made it harder to find cash flowing properties, yes. That said it’s not impossible, just requires more work up front.

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