I purchased a PreREO deal from them about 4-5 months ago. 

@Anthony Wick hey Anthony, not the first property we have owned, I sold a duplex to help pay for most of this purchase, and have a home in Park City Utah that has a mother in law apartment.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

What we have learned is that most people avoid these properties entirely, which allows us to purchase them at a significant discount.

FHA loans require living in the home as your primary residence for 1 year after purchase.

Simple things like a branded email at your domain and a website can open a lot of doors. 

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

We're crunching numbers and planning to make purchases this year in the self-storage space.