So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

Quote from @Tyler Kesling: I have a goal of purchasing my first property July 2025.

You are interested in a certain market to use the BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) method to purchase property.To find these properties, you asked how many Realtors you would contact in that area.Honestly, most Realtors do not speak investor language and are not investors themselves.

A home equity loan seems like a possible way to expand my portfolio, would consider buying a multifamily and renting out our current home to live in one of the units and purchase it as a primary home (assuming its 4 units or less), but being in the Santa Cruz CA area, I am afraid I'll need to look outside of CA for any deal that makes sense, and can't afford to lose my great job (can't work remotely).  

(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

We're crunching numbers and planning to make purchases this year in the self-storage space.

Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

What we have learned is that most people avoid these properties entirely, which allows us to purchase them at a significant discount.

You purchased the home as your primary.