New Investor looking for some knowledge

[Jeremy Dalatri]

I am a new investor wanting to kind of go big but I struggle with tying most or all of my capital (minus reserves of course) into one big deal and would it be better to buy several smaller deals? Yes I listen to Grant Cardone so you probably know where I am trying to get however I do believe BP to be more practical for people in my situation. I have learned a great deal from bigger pockets and won’t ever give this up but I am wanting to make my money work the best way I can. Thoughts or advice? I am new so please be gentle!

[Tim Herman]

@Jeremy Dalatri You have to spread your wings before you can fly. If I was starting over again I would house hack. Buy a small multi use a owner occupied loan with 5% or less down. Move every 10 years and accumulate between 20-40 cash flowing units. You can house hack a house by renting bedrooms out. Learn your market need to see a minimum of 50 properties. Start analysing properties. You can use BP calculators for 5 times or upgrade to pro for unlimited uses or find some spreadsheets in the Files section. The calculator will be your best friend. Why house hack, minimum DP. On a conventional purchase minimum 20-25% dp. So by house hacking you can buy 5 properties for the same cash except for closing costs. Study your market and learn to recognize a deal