Option 2 entails exploring refinancing possibilities with other lenders offering BRRRR-friendly mortgages without such clauses, albeit with potential additional costs.

This entails building personal/working relationships with people successful in the field.

This entails building personal/working relationships with people successful in the field.

You can maybe cashout refi your property in the future, or perhaps try to utilize some of it through a 1031 exchange later.What you see/hear about purchasing / scaling with "no money" is extremely difficult, works in certain situations, and many of the techniques entail a tremendous amount of risk. 

But that is 100% different than being a GC and knowing all that that entails.

As an agent, I get to see whats entailed without having to deal with it myself.Being able to make your own appointments to see listings yourself is fantastic, especially to see what the market looks like. 

Withdrawing 401K entails a 20% tax cut and 10% penalty fee but I want to use it to being my real estate journey and exit my 8-5 in the next 2 years.

This might entail looking into other income streams like freelancing or a part-time employment, starting a side business, or negotiating a raise at your existing position.Your DTI ratio may increase if you reduce your current loans.

Unfortunately for anyone looking for these investment groups, it is still a "who you know" game, or at least becomes a lot harder and entails more networking, typically higher buy-ins, and/or lots of research to uncover these groups.

This is especially true when you utilize low money down to purchase multifamily.Caution with Out-of-State Investing: Investing out of state entails complexities and reliance on unfamiliar parties, which may pose challenges compared to local investments where you can easily drive to and learn more quickly about.Realistic Assessment of "Cashflow" Markets: While investing in cheaper, cashflow-focused markets out of state is popular, it's important to recognize that the numbers on paper often differ from reality, and success stories may not represent the norm.Manage Expectations: Be wary of overly optimistic narratives and calculations, and ensure your investment decisions are grounded in realistic expectations and thorough research.