Consider what gives you a competitive advantage. For example in my case when I started I had no reserves, no kids, no wife but had decent income, good full time job, willing to take on a lot if risk, willing to put in 30 hours a week, low debt, and militarily service. That put me in a situation to do particular deals using particular financing. Fast forward 18 years I have better income, no debt, wife and 2 kids. Solid tax returns with rental income for the past 15 years.
This allows me do do different deals that I was not able to do or interested in when I started. For example, I housed hacked in my 20s. Today my wife and family does not allow that. I have more to put down today which opens different financing options than when I was 20. Today my financial and real estate network is a lot larger than when I started and gives me more opportunities. I am not willing to put in more than 5 hours a week into real estate. I am in a different place in my life.
In summary: What do you have working in your favor that gives you an advantage to do th ours 1st deal. Consider your location, appetite for risk, income, credit, cash reserves, full time job, amount of time commitment....
answer these questions in the post so we can get your life picture and ways to exploit your talents and assets.
The way we start in real estate varies. However, you can do it!
