Some Creative Ways to Add to Your Portfolio With Little Money?

[Thomas O'Donnell]

I am writing this post in hopes that some of you have some great ideas or advice on what I can do in 2023 to grow my portfolio without having a lot of money. I'm currently house-hacking a duplex in Columbus where I used a 0% down loan to get in a few months back. However, with it being 0% down and where interest rates were, my portion of the mortgage is a bit high. I am low on capital but would love to get a 4plex and house-hack that next year. However, I know that a 4plex is hard to come by out here so I'm not banking on it. I have also thought about trying to BRRRR some properties in Cleveland due to the low price point and the ability to maybe get some cashflow that can help to offset some of my expenses. My main goal for 2023 is to either add a 4plex to my portfolio, or a couple more affordable cashflow properties in Cleveland.

My goal is to be able to not have to work a 9-5 by age 30 and to just do home inspections on the side (I have my exam in a couple weeks to get licensed). I know this sounds extreme, but the main reason I got into real estate was so that I did not have to work jobs I hated anymore, and could travel instead or spend my time working on things I actually want to. Does anyone have some suggestions about what I should do or try to do in this upcoming year?