I have a question about getting started...

[Robert Ian Oldroyd]

As a newbie wanting to House Hack, I don't understand how I'm supposed to compete with all the experienced investors in my area. I live in a big town and there are only 150 or so multi-family properties on the market at any given time. I guess Im just assuming that if its an actual deal, an experienced investor will spot it way before me and buy it. How do I get around this?

[James C.]

Robert,

There will always be folks that have "more" than you do. More brains, more experience, more money, more whatever. Your job is to figure out how to become one of those with "more". You do that by learning, asking questions, learning some more. You might consider finding out who the major investors in the area are and seeing if they will mentor or partner with you to help you do your first deal. You should bring something to the table, like offering to help them so they can teach you. It doesn't have to be full time, but maybe a few hours on a weekend. 

Bigger pockets is a great place to learn. Reading books, and REIA type meetings are good as well. In short, like everything in life, you get out what you put in. Put mo' in, get mo' out.

Don't despair, discover!

Good luck,

Jim