I’ve been listening to the BiggerPockets podcast daily on my commute and finally decided to jump into the forums to learn, connect, and start taking action.A little about me:I work as a Substation Design Engineer and currently live near the Jersey Shore.I’m focused on learning about house hacking, buy-and-hold rentals, and creative financing strategies.Right now, my biggest challenges are:Understanding the best financing options for a first-time investor.Finding a solid market near me that aligns with my budget and goals.Learning how to analyze deals with confidence.If anyone has tips, resources, or experiences they’d be willing to share, I’d love to hear them!

Quote from @William Fuller: When deciding to potentially acquire a piece of land that a wholesaler has under contract, what information do you need about the land or parcel?

Last month, I pulled the trigger on getting my first real estate property ever and decided to go with a 4 bed, 2 bath new construction to limit all the variables involved since I am still in college.

So each option has its specific pros and cons but since I am still extremely new and still learning I can't quite decide which option is best.

That said, we’ve been able to help investors secure creative financing solutions that work for this model.If you decide to move forward, just make sure your financing strategy aligns with your long-term goals, and the properties are good fits for Padsplits model.  

If you decide to move forward, complete state-required coursework, pass the exam, and find a sponsoring broker.

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

Need help deciding which strategy fits your situation?

And when you combine that with buying off market going direct to seller, you can build a real estate empire while being vertically integrated.All of this aside, whatever market you decide to invest in, please be sure to develop a relationship with a reliable contractor and a project manager.All the best!!!

I'm just trying to decide if the home is worth fixing and renting or do I just cut my losses and tear it down and use the property for other purposes.