Investment Info:

Townhouse buy & hold investment.

Purchase price: $390,000

Cash invested: $78,000

First investment property, turned into a short term rental, walking distance to Arizona State Uni...

A lot of people just talk about RE investing, but you have taken the plunge.

I’ve listened to Bigger Pockets for a while and am looking to take the plunge into real estate investing.

The only thing is, I'm a complete noobie at it, and quite nervous to take that plunge.

If you're considering buying a single family home with gas heating, here's what you need to know before taking the plunge. 

@Noah Cull Congrats on taking the plunge!

What was your first step to being a realtor investor, what mental hurdle did you overcome to finally take the plunge and purchase that first home?

Even though retiring by 40 is an exceptionally early goal (or so I thought), we have realized that we can move that up WAY quicker by leveraging the fact that we have so much more disposable income than we need.After attending a BiggerPockets webinar, watching hours of YouTube videos and researching online, I have decided to take the plunge and buy my first rental property.

View report*This link comes directly from our calculators, based on information input by the member who posted.I'm looking to take the plunge and make my first investment in a multi-family property. 

You should run numbers on both a mortgaged property and a property paid with cash for COCR purposes.As for rule of thumb, many investors would like to leverage their ability to obtain mortgages and start with a lot of units, versus dumping all working capital into one unit and not being able to make further moves until its regained (which could take years).It sounds like you don't have a single property -- I'd recommend running numbers and taking the plunge on a mortgaged property, getting some experience and operational protocols in place, and then expand from there.