FEELING STUCK AND LOST!!!

[Juan Aguirre]

Hey BP fam, I am fairly new to Real Estate Investing, I own 1 investment property which was a duplex househack. I am in the process of leasing out my side of the property since im about to hit 1 year of living there. My current dilema is the feeling of not knowing what to do next or how to get to my next investment property. Besides saving up another 30k-40k im not sure how to attain the next property. Ive looked into creative alternatives and I haven’t found a good deal yet. My mindset shifted into focusing on my income this year, since the last few years I was all in on Real Estate and educating myself on the subject. Has anyone been in this position or have any recommendations if I should focus on my career and increase income while doing that, or potentially getting a scalable side hustle. My end goal is to have enough large multifamily investments to be a full time investor, so I am trying to work backwards but its been difficult without guidance or mentorship. I am attending events to network in the hopes of finding a resolution, but I hope you guys can give out some wisdom if you have been here before. Thank y’all!

[Antonette El Baz]

Focus on building your income first, as this will increase your buying power and make it easier to secure financing for your next investment property. Consider finding a mentor or forming a partnership with a more experienced investor to help guide you and provide additional resources. Networking at real estate events and joining local real estate investing groups can help you connect with like-minded individuals and potentially find new investment opportunities. Don't be afraid to get creative and consider alternative financing methods, such as private money or hard money lenders. Remember to always do thorough due diligence and consult with professionals, such as a real estate attorney or accountant, before making any investment decisions.