What We’d Buy Today for Our FIRST Rental Property
BiggerPockets
16,728 views
Episode #1322
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You’ve saved up some money and are ready to buy your first rental property. Now comes the question: How much do you put down? Do you buy multiple cheaper properties or splurge and put the entire down payment into one bigger, arguably more stable rental? Should you start to scale from the jump or test the real estate investing waters before committing more money? After buying dozens of rental units, Dave and Henry have a clear opinion.
We’re back with your questions from the BiggerPockets Forums! A real estate rookie is wondering whether they should spend $100K on one down payment or split it up into multiple, cheaper rental properties. Another is planning on putting very little money down on his first house hack, but do the numbers add up in this not-so-stable housing market? If you’re ready for your first deal, both of these answers could give you peace of mind.
You’re about to sell a house flip for some serious profit—can you move that money (tax-free) into rental properties via a 1031 exchange? And if so, is the 1031 exchange worth the headache that comes with the timeline? Finally, a landlord is fed up with their rental and wants to sell. She has two choices: sell for cash and break even, or fix it up and potentially realize a five-figure profit. Would Henry, the renovation expert, make that bet?
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Episode Show Notes:
https://lnk.to/biggerpocketsYT
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0:00 Intro
1:15 How Much to Put Down
6:35 Sponsor: Aven!
7:19 Does This House Hack Work?
11:01 Factor in Rent Growth?
11:57 1031 a Flip Into Rentals?
17:16 DON’T Invest JUST for Tax Savings
19:26 Turn 1 Property Into 3
20:32 Fix Up or Sell Rental As-Is?
7 Comments
What We’d Buy Today for Our FIRST Rental Property
BiggerPockets
16,728 views
Episode #1322
Get the home equity card built for homeowners and real estate investors. Access up to $400K, earn unlimited 2% cash back, and receive a $400 statement credit exclusively for BiggerPockets Pro members.
https://www.aven.com/biggerpockets
You’ve saved up some money and are ready to buy your first rental property. Now comes the question: How much do you put down? Do you buy multiple cheaper properties or splurge and put the entire down payment into one bigger, arguably more stable rental? Should you start to scale from the jump or test the real estate investing waters before committing more money? After buying dozens of rental units, Dave and Henry have a clear opinion.
We’re back with your questions from the BiggerPockets Forums! A real estate rookie is wondering whether they should spend $100K on one down payment or split it up into multiple, cheaper rental properties. Another is planning on putting very little money down on his first house hack, but do the numbers add up in this not-so-stable housing market? If you’re ready for your first deal, both of these answers could give you peace of mind.
You’re about to sell a house flip for some serious profit—can you move that money (tax-free) into rental properties via a 1031 exchange? And if so, is the 1031 exchange worth the headache that comes with the timeline? Finally, a landlord is fed up with their rental and wants to sell. She has two choices: sell for cash and break even, or fix it up and potentially realize a five-figure profit. Would Henry, the renovation expert, make that bet?
Ask Your Question on the BiggerPockets Forums:
https://www.biggerpockets.com/forums?...
Episode Show Notes:
https://lnk.to/biggerpocketsYT
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026
Let Us Know What You Thought of the Show!
https://www.BiggerPockets.com/Podcast...
Grab Dave’s Book, Start with Strategy Before Your First Deal:
https://store.biggerpockets.com/produ...
Sign Up for the Investor Brief Newsletter:
https://www.biggerpockets.com/email-s...
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
Connect with Henry:
https://www.biggerpockets.com/users/h...
Connect with Dave:
https://www.biggerpockets.com/users/d...
0:00 Intro
1:15 How Much to Put Down
6:35 Sponsor: Aven!
7:19 Does This House Hack Work?
11:01 Factor in Rent Growth?
11:57 1031 a Flip Into Rentals?
17:16 DON’T Invest JUST for Tax Savings
19:26 Turn 1 Property Into 3
20:32 Fix Up or Sell Rental As-Is?