. - Have seen many investors create their own LLC and use their name & address:(- Only works if you put a property in LLC when you purchase.

I heard about bigger pockets from a friend of mine that has successfully built and rented multiple properties in our area. 

Purchase price: $255,000 Cash invested: $60,000I bought a condo back in 2019 in Ashburn, VA as a rental property.

I work with several real estate developers across the country and they all do it differently.My suggestion is to find a property type and an area/neighborhood/city/market that you are drawn to and plot your course from there.As for the amount of money you'll need, it's gonna be mostly driven off the purchase price of the property.

They may have used one of their friend's companies or something shady like that.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

House hacking by purchasing a duplex, triplex, or single-family home with extra rooms can help you reduce or eliminate housing costs while building equity.

Invest in a Rental PropertyUse your equity: You could leverage the equity in your current home to purchase a rental property.

Purchase price: $232,500 Cash invested: $45,000 Beautiful fully renovated Shore Acres 2/1.This house really stands out on the block with the new bright paint scheme!

I have a goal of purchasing a small multifamily this year, so I want to start making the steps to make that happen.