I’m fascinated by the potential of real estate as a way to build wealth and gain practical skills, but I’m just starting out and looking for guidance.If you’re experienced in the field, I’d love any advice you’re willing to share about getting started, especially if you’ve found success as a beginner.

Quote from @Mehdi Mir: G'dy allI'm moving to Dallas, Texas from Australia, where I've gained extensive experience in real estate.

Between the time associated with making the investment, tied up capital and associated stress involved, even if the investment breaks even or produces a small gain most would look back and wish the money sat in their account until a better opportunity presented itself.

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key. 

Now, I'm stepping into the investor role myself and looking to learn, grow, and connect with like-minded individuals.I'm eager to share insights from my lending experience while also gaining knowledge from seasoned investors.

For OO owning it for 2 years of 5 gets $250K gains per spouse of tax free gain.  

If you consider going north, the Manchester market has been seeing some extraordinary gains (similar for RI, though).

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

House hacking is a great way to reduce living costs while building equity, and BiggerPockets is a great place to network and gain insights.Good luck!

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.