I am very new to real estate investing, I'm currently trying to learn the basics before I go out and start. I don't have a lot of money to get started with and I'm not really well versed in finances so I'm not entirely sure how to get started, here's some of the questions I have (these may be ridiculously stupid questions).
1. Should a loan be enough for a down payment or enough to pay off the entire property?
2. Specifically about the BRRRR strategy is the refinancing used to pay off the mortgage? or should you use it to invest in another property?
3. For a first deal how far away should I be willing to look? I'm in Toledo OH and so far I haven't seen much in my area (I'm looking for multifamily).
4. Should a down payment be out of my own pocket or taken from a loan?
If anyone could answer one or all of these questions it would be much appreciated!
