First time RE investor in Chicago

[Anthony Bednarek]

Hey everyone!! Bigger pockets has been an awesome resource for me for the last 6 months or so and I think it’s finally time for me to get some real world experience. I’m 25 with ~100k salary before taxes and have a business partner that’s around the same. Unfortunately we’ve lost out on 3 multi units this year already to competing offers and i’m looking for some advice.

We’d ideally like to grab a multi unit if possible, but we don’t have the most capital at our backing to compete with these places getting 10, 20 and 30 offers at a time. Should we seek partnership with another person that could potentially fund a larger down payment? Or should we change our strategy to looking to flip condos? Hard time for a first time investor!