Where Should You Buy Your First Multifamily? | 10 Doors in 10 Years Plan – Part 2

How do you get 10 doors in 10 years? Like everything in real estate, it comes down to 3 things: Location, location, location. On episode 2 of the Real Estate Playbook, I talk to Dan Murphy about finding the right area to invest in. If you aren’t a seasoned investor, I highly recommend that you find properties to invest in within a 2-hour drive of your house, because you will need to check on the property regularly. Dan and I get into the details that potential real estate investors need to know, and the steps you’ll need to take to get to know an area and the specific properties you want to invest in, as well as sound financial advice on how much your down payment should be, and how much you should realistically expect to need for closing costs and repairs before you start making money. But the reward is worth it, because real estate is a stable investment, and if you have a 10-year timeline, it’s nearly guaranteed you will see a return. Watch this episode of the Real Estate Playbook to learn more about how to invest in 10 doors in 10 years.