As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.

Quote from @Brandon Le: Your first purchase could/should be a house hack.

We are considering the following options:-I purchase the property from my aunt – Perhaps we can do seller financing to reduce fees?

Purchase price: $675,000 Cash invested: $250,000 Country estate with 2 houses.

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.

Fantastic to hear that you were able to navigate the challenging purchase.

Is it better to have a willing seller and buyer before sending the initial purchase/sale agreement?

The buyer ended up buying and reconverting to a single family, and doubled his purchase price.Yeah, that's actually a really good and in-the-now viable strategy. 

When I first started out I purchased everything with 20% down and had enough available much through credit cards which can be problematic also to withstand a few months of vacancy or a $10k repair.

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit