Closing on primary residence then looking to invest!

[Arnold Caceres]

Hello all,

I gave priority to buying my primary residence given that I rented for the past few years. However, once I get my own home purchase out the way, the next move is to start building a rental property portfolio. 

I have some money saved for investing but not much. It seems that I will likely need a decent down payment to get a cash flowing rental property.

What alternatives do I have to raise money for the down payment? My earned income will be going towards my own house and living expenses with little left over for investing out of pocket.

How did you overcome the challenge of not having enough money for your first deal? My savings are falling short after my home purchase so I need alternatives that can be implemented right away (ie I don’t want to wait 5+ years to have sufficient savings to only then invest in rental).

Any feedback is welcomed. 
thanks