Worrying about second investment before having the first

[Brian Walters]

I know I'm wrong in my thinking here but this has been stunk on my mind for a while.  New to real estate investing and currently looking for my first property where I live in Las Vegas.  To get this first property my wife and I are taking from our savings for the down payment, closing and rehab.  We are looking at smaller properties and condos as that is what we have the savings for.  If/when we purchase, it will take our savings down to a level we are comfortable with, but wouldn't be able to go further.  We don't have enough equity in our home to pull from that and moving isn't an option.

So what sticks with me is, if we get this first one, even if everything goes perfectly (which I don't expect being we are new to this) it's going to take years to save up enough for a 2nd investment property.  For all those that put the bulk of your savings into your first purchase, what did you do for your 2nd?

[Nate Sanow]

To answer in brief I didn’t save, I got creative.
I’m not saying don’t take it easy and be wise. Definitely do that. But at some point really pressing into leverage will be everything and so if I was in your shoes I’d really study how to get property for low no money out of pocket.