These days I rarely get all the capital back so I have to come out of pocket a little, but I’m still much better off than just putting 20-25% down on a property.

In most cases I have to pay out of pocket every month because rents are not high enough or the property is too expensive.

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

A receipt is required if you make an out-of-pocket cash purchase for > $75....

Sometimes, just knowing the rigth people...whether that’s sharp-minded agents who see a gem before it’s polished or a reliable contractor who’s not going to vanish mid-renovation...can make all the difference.If I had to do it all over again with $80K in my pocket, I’d jump on that first multifamily, rent it out, and let the tenants’ checks pay off the mortgage month after month.

I plan to engage with and learn from Bigger Pockets community.

Our business plan actually includes rehabbing distressed properties and conducting off-market transactions with owners currently occupying distressed properties using equity to reduce the out of pocket costs for the seller/buyer and to simplify the process.

A friend of mine recently uncovered a pocket listing in La Mesa that hadn’t even hit the MLS.

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

They divide the investment strategies into three categories: normal, aggressive, passive.- These categories are based on cash on cash ROI.