Brand new to real estate!

[Priti Gupta]

Hello BP community!
My name is Priti and i live in the South Denver Metro area. I came across Bigger Pockets podcast last year and i have been reading RE books and listening to different BP podcasts since then. I truly believe at this point that RE is the way to go to build wealth and achieve financial independence. My goal is to achieve FIRE and also be able to give back.

I don't even own a primary residence yet. So I was thinking about starting out by doing a live in flip so i get some experience with rehabs and have a primary residence at the same time. May be also do a house hack by renting out the basement if possible.
But since i read the BRRRR book and Long Distance real estate investing by David Greene, i am also thinking about doing out of state BRRRR with the money i have saved up for down payment.

I was hoping to get some recommendations from this community

1) about the strategy to pick as a beginner

2) how to structure research to pick the market/sub-market to invest out of state

Thanks in advance! And hoping to engage more with this community.

[Steven Foster Wilson]

FHA is a great starting point, it's best to talk with local lenders about their first time home buyer programs, some have 0% down, no PMI, etc. You can do househacking which can allow you to get started with appreciation and cashflow with very little down, you can even BRRRR it like I did if you add value! Keep in mind that a great location is one of the very important things that you need to do some pure research on to get you started. All the best to your real estate journey!