I knew it was time to dive into my next property.

I still have properties in Norcal, though.

Since VA loans allow 0% down and no PMI, focus on finding a multifamily property in El Paso while working with VA-friendly lenders who accept lower credit scores.

Try to hang on until the end of the lease, or at least until there’s only 15-30 days left if the tenant is really keeping the property up and will let people walk the property while they pay rent.

You’ll want a reliable agent who knows the investor market, a property manager, contractors, and a lender familiar with out of state investor needs.

Buying your first property to live in, and renting out rooms is a great way to cut back on costs and if you set that money aside, it will grow and become down payment funds for a future purchase.  

At that class of property, the turn overs are costly. 

For finding my first properties, word of mouth and local networking worked well, plus reaching out to hosts on Airbnb with personalized messages.When pitching, focus on how you’ll add value (like boosting reviews or optimizing pricing) and avoid coming off too salesy.

This allows investors, after the typical 3-5 year operating period, to either pivot back into sole ownership properties or exchange into the best DST available at that time.In most cases, sponsors make this exit optionality explicit in the PPM.

Can I ask how many properties you have and how long it’s taking you?