Looking For My First Investment Property

[James Kiboi]

Hi all - I am looking to get started with my first investment property. I have consumed so much information in the last 1-2 years and I am ready to stop the information gathering and get my first property. Since I don't have an unlimited source of funds and therefore cant afford an expensive mistake, I am seeking one of the safest options in this space to get started with just to get my feet wet. I am okay with low cash flow and just go for the appreciation play. Any advise from this great group will be highly appreciated. 

Thanks!

[Nathan Gesner]

What did investors do 20, 40, or 80 years ago?

They saved up some money. They found a house they liked in a community they believed in. They bought it and held it.

No podcasts. No BiggerPockets Calculators or fancy spreadsheets. No coach, mentor, investors club, YouTube gurus, etc.

Find a property that can pay for itself (mortgage, taxes, insurance, maintenance, and enough left over to set aside and build up a reserve to cover vacancies or capital expenditures). Buy it and hang on. There may be some rough bumps in the first few years, but you'll be happy you held on and stuck it out. Along the way, learn how to be a good Landlord.

Rinse and repeat.