Updated over 8 years ago on . Most recent reply
Looking for first deal
Hi everyone, new to Bigger Pockets. So I’m in the Air Force living in Nebraska. I inherited my mother’s house a couple years ago (along with a mortgage and HILOC) and have been renting it out ever since. It’s a negative cash flow of $200 but I’m planning on moving back there when I retire so I don’t want to sell it and let it go. It got me interested in real estate and would like to find some property in Nebraska that will earn a positive cash flow. How are some of the ways you guys landed your first deal? Did you save up and buy a $15-$20,000 property in cash? Is the best way to find a property to go through a property management company who can help me find a place? I’m just trying to get the advice of more experienced people on how you all secured your first deal. Thank you so much for any and all input!!