New Investor looking to land his first rental within 6 months!

[Ryan Maguire]

Hello everyone,

I am pretty much brand new to this. I have been listening to BP podcasts for a couple months now, and it has really opened my eyes. I live in the Buffalo NY area, and want to land my first SF or small MF rental within the next 6 months. I would like to invest in the Buffalo, NY or Cleveland, OH market. I have some cash set aside, but would much rather keep that in the reserves if possible. 

I have read into wholesaling and believe that might be a great option to raise enough capital for a down payment. Another option would be to use the BRRRR method and use as little of my own cash as possible. However with it being my first deal, that might be to big of a jump.

I truly just want to "get into the game" within the next 6 months, and think that is very possible with the prices in my market. 

For all of you investors who have had success using little to none of your personal money, what advice and suggestions do you have for me to land my first deal?

Thanks everyone!

[Luke Marsh]

As Matthew mentioned, I think two realistic options for someone with little capital is either using an FHA loan, or doing wholesaling. I would also rather have that capital go into a home, instead of wholesaling but it is really up to you and what your preference is. Best of luck!