Hi Nate -I am working on a new tool aimed at making real estate investment analysis a more streamlined and data-driven process.

I'm considering this with only a 5% initial investment.Given the tight market, I'm leaning towards a strategy where I aim to break even (or close to it) for the first year or so, with hopes of refinancing when the market conditions improve.

Last year, I managed to pay off $40,000 in credit card debt, and I aim to do the same this year.My rental income provides around $4,000 surplus, but with $3,000 going towards debt repayment. 

Remain flexible, remain receptive to novel experiences, and don't hesitate to take measured chances.

Hello BiggerPockets Community,I'm in the planning stages of an exciting project that aims to construct a sustainable and efficient duplex with a budget of $200,000.

While we all aim for success, it's often our mistakes that offer the most valuable insights.

My aim would be to do a few flips each year under that entity but then hold one as a rental property (BRRRR) strictly for myself and buy out my flipping partners interest/equity in the property so he still makes a profit on it.

He will remember this was one of the best opportunities he took looking back and I aim to assure I help him in his success in placing tenants and guidance learning how to run the rehab and assist with my resources.Check my profile out as Ive mastered the BRRR strategy and help others with the experience I've gained along my journey.

This helps ensure you can manage payments even if the property isn't generating income right away.Given your situation, if you're aiming for an investment property and have about 3 months of PITI saved up, you're likely in a good position for a conventional loan.

I've never had an issues, it's just an extra safety measure.