Confused Beginner-I want to start investing!

[Nicole Saunders]

Hello fellow investors,

I want to start investing. My financing is coming from my uncle who will be acting as my hard money lender. I want to BRRRR but I know that's not as much of an option, considering he's financing me at 100%, and will be wanting a return sooner rather than later. My next option is to build new homes in my area and then sell (my dad owns a construction company which works perfect, because he will be giving me much better pricing than if I was to work with another company). The problem is, I don’t want to spend a bunch of money on land. Building in the right areas of my city is where the profit will be, however, parcels of land big enough to build several houses on is very expensive. I keep going in circles, I feel, so any advice or shared experiences would be great for me right now! I don’t want to lock myself down to just one direction, but I also want to go in a direction where the funding is. I've also considered flipping houses, however, the inventory in my area leaves very little profit margin and the competition is super tough. 

Again any guidance would be much appreciated!

Thanks!

Nicole

[Andrew Syrios]

With the BRRRR strategy, you normally refinance out of the first loan once the house is rehabbed and rented. Could you not do this with your uncle's loan?