How to get my first property?

[Damon James]

I'm looking for advice in the Wisconsin area on how to get my first buy and hold property or buy and turn property with limited financial resources? Any advice? Should my plan be to save up for the 20% for a buy and hold? 

[Brian G.]

@Damon James have you researched the concept "house hacking" here on BP? Imo it's the safest and easiest way to begin. It requires you to put 3.5%-5% down on a house or 2-4 unit. You rent out the bedrooms to roommates (SFH) or live in one unit (2-4) and rent out the others. Ideally, your rents will cover most/all of your expenses and lower your cost of living, thus accelerating your savings rate. After a year move out and do it again. Rinse and repeat.