So, tell a story of how you (or a fellow wholesaler) helped a seller out with their challenge(s).

Investing in a new market even as an experienced investor can be quite challenging. 

What challenges did you face, and what lessons did you learn?

Before diving into those challenges, let’s look at the benefits of purchasing a triplex or quadplex:Higher cash flow potentialTypically lower price per unit, leading to better returnsEasier to manage vacancies compared to single-unit rentalsMore tenants in one location—potentially easier than managing multiple properties in different locationsOf course, there are other reasons why a higher unit count may be attractive, but these tend to be the most significant ones.

As for the initial investment, I am working towards securing the necessary funds and am open to exploring various financing options that can facilitate this.Despite facing numerous challenges and setbacks on my real estate investing journey, I remain determined and resilient.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Your biggest challenge will be what to do when something goes wrong: nonpaying tenants, maintenance, mother nature damage, etc.Recommend you include these in any management agreement you sign, so you're not overcharged when you need these services.

I’ve been listening to the BiggerPockets podcast daily on my commute and finally decided to jump into the forums to learn, connect, and start taking action.A little about me:I work as a Substation Design Engineer and currently live near the Jersey Shore.I’m focused on learning about house hacking, buy-and-hold rentals, and creative financing strategies.Right now, my biggest challenges are:Understanding the best financing options for a first-time investor.Finding a solid market near me that aligns with my budget and goals.Learning how to analyze deals with confidence.If anyone has tips, resources, or experiences they’d be willing to share, I’d love to hear them!

If you don’t have a backup plan, you’re in for a rough time.I don’t say any of this to scare people off—I’ve navigated all these challenges and built a great portfolio.

It always takes longer, costs more and has more challenges than I originally thought.