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Updated over 5 years ago,
Getting started with Real Estate
What's up, everyone! I've never written on a forum before so here goes nothing. I am a 26-year-old male really wanting to start investing in real estate. I've listened to a ton of bigger pockets podcast and things they have put up on YouTube, I've also been reading "Set for Life" by Scott Trench and that book is LIFE CHANGING. The reason I'm posting on here is that I was wondering how I can learn to run the numbers extremely accurately when looking to see if a property is a good deal or not in terms of cash flow? My biggest fear in real estate is completely messing up the numbers and taking a huge loss that I may never recover from. My other question is I don't have a lot of money saved up (around $5,000) but if I see a good property for sale that is great deal should I take out a loan and buy it anyways or is it more important to build up hard cash first for a year before investing? PLEASE HELP!