Newbie Investors in RI needing advice

[Lindsay Baker]

Hello! My husband and I are newbie investors in RI and are interested in acquiring our first property. We are interested in multi families and would like to buy and hold. Currently we have access to a HELOC on our current home which we plan to stay in 15-20 years or more. We have an amazing realtor who is also an investor and she is helping tremendously. We are just reaching out for possible for some hope? haha. As everyone here is aware the market is really rough right now. Our HELOC, which is a privilege to have access to, also seems like a deterrent a bit as we have to account for the interest on that as another expense and with property values so high at the time it seems at times impossible to find our first deal that will cash flow. We are open to all types of possibilities such as using BRRR method, buying forclosures and even auctions (while doing our homework etc). I think we are just looking for any advice that is available and honesty about whether or not this is even a good time to start our investing goals. We are so happy to have found this community (thanks to our awesome realtor) and are so grateful to access all the knowledge! Thanks in advance for any advice and or kind words :)