How did you acquire your first investment property?

[Noah Bacon]

A lot of times you hear "the first one is always the toughest one" and I find that to be very true!

My first rental property was a house hack that I purchased long distance in CO while I was in PA. I was able to find a realtor through BiggerPockets Agent Finder and close on the property remotely! There was so much fear as the process of being under contract was a completely new beast to me! Now that I have been under contract for other properties and been through the process a couple times, I have been able to overcome my initial fears and be better prepared. 

How did you acquire your first investment property? 

If you haven't acquired your first property, what are your biggest fears? 

Please discuss and let's see how we can help each other!!

[Steven Foster Wilson]

Hey Noah, when I got started investing in my sophomore year of college, I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on OSU campus in Columbus. Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.

Keep pushing to achieve your goals it will be only good things for your future! All the best!