Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.

I may start with house hacking to build confidence, take advantage of owners financing (this will be my first home), and to build my network first. 

Since you’re already networking and have some good realtor contacts, focus on narrowing down your investment strategy (like buy-and-hold or house hacking) and target markets with solid cash flow potential.

I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Purchase price: $580,000 Cash invested: $30,000 House Hack #1

I’m currently in the process of searching for my first property, which I hope to house hack and eventually convert into a long-term rental. 

Hey everyone, for my first flip, is a fire damaged house worth it (purchase price 40k-50k 3br).

A great way to start is by learning how to analyze deals and exploring strategies like buy-and-hold or house hacking.

House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?