Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
How did you pay for your first few investment properties?
I've been reading for a while and am fascinated at how some people have the cash on hand to buy:
-Properties out right with cash
-Multiple properties with 20% down payment
Yes I understand there's many ways to finance but these seem to be the most common for starter investors.
Yes I also understand its sort of like a self perpetuating process that builds on itself but that takes so much time and I see so many young people in the game.
My question is how did you pay for your first few properties and what do you do for a living to support that? Did you get help from family or saved up?
Both my and my wife are doctors with little expenditurrs and even for us it takes a good while to save for a down payment.