Advice on buying rental properties

[Christopher Short]

So I’ve been involved in real estate for about 3 months. Mainly focused on fixing and flipping properties. Recently I’ve stumbled across some great opportunities for rental property. I have experience with hard money lenders but they do not do offer assistance with rental properties. Anyone can point me in the right direction to find funding for these type of properties?

[Jim K.]

@Christopher Short

I have to completely agree with Frank's sound advice here, as I find I normally do. There are a number of other options than traditional bank financing, but really, if you're in this for the long haul and especially if you're looking at this from the perspective of a guy with some understanding of residential construction, you shouldn't try to fight the learning curve from the start with things like BRRRR, 3.5% down-payment FHA loans, all-cash offers with personal loans + cash advances from credit cards, etc.

It's complicated enough learning how to run rentals. Give yourself a fair chance to acclimate to the learning curve in your first three or four years of it.