Advice for Aspiring Investor

[Kahner Delchambre]

Hello everyone,

I am wanting to get into multi-family rentals.  I have been looking to buy in the Brown County area of Wisconsin for a duplex.  For the last three years I have been reading, studying, and watching the BiggerPockets podcast.  On top of that I have made a business binder on how I will run my rental business.  That will cover the tenant management along with property maintenance and keeping track of the numbers involved with property management.  The reason I feel the push to get into rentals sooner than later, is because I have recently been laid off from my job due to lack of work caused by this pandemic.  It brings me to the realization that a stable job isn't really all that stable.  Looking at these duplexes I have also realized that I will not have enough for a 20% down payment along with any cost of potential repairs or renovations.  Also, being unemployed, I would assume that would make it difficult for financing.  My question is, Should I dive in head first and figure out a way to get into rentals now(which is my passion), or find another job and stick it out until I save more money in order to purchase a duplex on my own?  Which I have no problem doing, but I am torn because my passion is getting into rentals and not so much my blue collar job.  I appreciate your time and any advice you could throw my way.

Thanks