Making my first property purchase.

[Sundiata Atiba]

I am looking to invest in real estate. I was thinking about doing the Stack approach. I don't want to get into house flipping because I don't have a team in place. I wanted to purchase a duplex first with the BRRRR strategy. Then next year a four plex, and the following year an 8 plex. I wanted to continue this process until I am able to acquire an apartment building. Do you think this is the best approach. Thank you for your time and attention.

[Bjorik Mutize]

Good, common approach most people take is starting in small multi-family.

Now you just want to make sure you are taking actionable steps to get you there. Learn your market, start driving properties and seeing what's out there. Analyze properties and break down their numbers. With your position of financing, figure out what you want to purchase for your first one then build that into your criteria and make sure it is profitable for YOU

Once you have mastered your market and have your criteria get out there and build relationships with those to help you towards your purchase. Get yourself a realtor, a lender, and whoever may help you with whatever else that may need to be done with the property. Find partners, find people to bounce ideas with.

Be patient. Buy the first one correctly, you set yourself for life. Also, don't limit yourself to starting with a duplex.

Please PM me with any other questions you may have!